James70
I don’t know how it can be a 1:6 split when the lithium company LEO will be valued at the same market cap as the gold company, if not more expensive. $4.1 NPV and 40% is stil over $1billion.
For example if someone has 600K Of FFX at say a SP of $1. in feb or March.
They would have a personal value of $600 k to the individual. Pre demerger.
If it is a 1;6 split as you suggest. Then you are saying they would end up with 100k of shares in Leo at $1 listing so that their value in LEO is $100 k.
For him to have the same total value prior to the split. FFX gold side would need to stay at $1 post split for it to be of any worth to him. If it drops to 70c as some are suggesting then he will have less capital post split which does not make sense.
I therefore think the ratio will be more like 1:2.5 or 1:3.
So he ends up with say 200 or 250 of LEO. And therefore post split he would still have a similar amount. Or the value of LEO would need to be closer to $2 upon listing if it was a 1:6 split.
regards
- Forums
- ASX - By Stock
- FFX
- General discussion
General discussion, page-1619
-
- There are more pages in this discussion • 8,486 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online