Seeing Snow Lake Resources is a separate entity, when the cash flow starts, that cash will only be used for SLR? Am I lost in space, missing something with this spinoff? Usually existing shareholders of the company get shares in the spinoff company. " When a company is spun off, it can be listed and set up for an IPO on the public market as a standalone enterprise. Investors would then own shares in the parent company as well as a proportional amount of shares in the new standalone company."
Ann: Thompson Brothers Lithium Project Update, page-27
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $51.11M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $2.1K | 8.704K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21943 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 4000 | 1 |
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| Last trade - 15.59pm 15/05/2024 (20 minute delay) ? |
| NVA (ASX) Chart |