Assuming each free share has a nominal value of 50 cents, and it takes 11 LTR shares to get one MI6, the nominal drop should be:
50 / 11 = 4.5 cents, which is well within the typical trading noise for a day. Plot a chart you might see a step change, but if the DFS comes out it'll be swamped by jubilation and FOMO buying.
Given LTR's risk reduces as early greenfields exploration gets transfered to MI6 I think the price will benefit from the spin out. Its one of the reasons for doing it.
ASX Today, page-9057
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |