You will keep your original holding in FFX after the demergerThe...

You will keep your original holding in FFX after the demerger

The record date is the specified date where all FFX owners are recognised and allocated for the future LLL share distribution.

FFX will run up before the record date as people try to get their share of Leo (the only way at this point is by owning FFX at this date).

As soon as this date has passed, FFX shares will only indicate ownership of FFX Gold plus 20% of LLL, so you would expect a significant pull-back on the share price - theoretically equivalent to 80% of Leo Lithium's share of Goulamina.

Hope that helps