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0.2¢ discovex resources limited

So we're hoping for a post transaction market cap of around $36m...

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05/04/24

10:06

Post #: 73201454
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Originally posted by RoyE: ↑

Wow, existing shareholders are certainly getting diluted by the transaction - ignoring the new funds raised portion, post consolidation/settlement existing DCX shareholders will have 33 million shares whilst Latitude 66 owners will receive 125 million DCX shares as consideration for their assets. So existing DCX holders will only own 21% of the enlarged company whilst Latitude 66 vendors will own 79% of the enlarged company

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So we're hoping for a post transaction market cap of around $36m AUD to retain the current value of our shareholding...
Seems achievable.

One coincidence regarding our suspension on the 11/3 was the fact that Finland voted in Stubbs on the 1/3 10 days prior....
Make of that coincidence what you will.

DCX Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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