FFR
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0.00% 12.0¢ firefly resources limited

Ann: Trading Halt, page-46

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  1. Caromb15
    1,157 Posts.
    lightbulb Created with Sketch. 122
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    14/06/21
    15:03
    Post #: 53831040
    Market caps , adjusted for options, are
    GCY $93m
    FFY $31m
    If its a true merger with no sweetener for FFY, FFY shareholders get 25% of combined. At 10c, each FFY share would get 10/37 of a GCY.
    But I don't think many would be happy with that.

    Sweeten it up by 50% would make it 15/37 of a GCY share.
    FFR Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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