General discussion, page-29

It would be stupid & irresponsible for FFX to preempt the LLL prospectus and lay out entitlement ratios etc. And in any case, what does it matter? We know they'll retain around 20%, there will be some new shares issued to raise funds & the remainder will go to FFX shareholders.

At this stage they have no idea what the market cap will be for Leo. It depends on so many unknown factors including the outcome of the updated DFS, price of Lithium in Q1 next year, stage & timing of FID and planned commencement of construction etc etc. They probably have a target share price they'd like to issue at, so the number of shares issued will depend on what market cap they think they can float it at.

I've had about 2 months of not reading this forum, or just looking at the top posts, I think we were 40c back then, 50% gain in 2 months very handy and I must admit only reading the top rated posts makes it a much more pleasant experience.