General discussion, page-3660

From stock head https://t.co/RyYoLiSEpm

Anderson expects the notice of meeting for shareholders to approve the demerger will arrive by mid April “at the latest”,

They had previously liaised with the asx /asic, so I'd hope Doc Mike's above statement proves true. He's also said a few weeks, that's pretty much today. Obviously the asx/asic will work at their own pace however the above guidance does suggest we can now expect the Notice of Meeting this week. With Easter, next week would be April 19 + so stretching it to be called "mid April".

Once they call the notice of Meeting, with the required 28 days notice and a few more after that till the Ex-In-specie date, take out a few trading days for Easter and there will only be around 20 trading days for all those that want a piece of Leo to get set. I'd expect some buying action in those 20 days.

That's possibly why we were one of the few Lithium stocks to rise today.

I noticed in the Annual Report they've changed the wording in regard to the Entitlement Offer.
In all the previous asx releases they've said:
"Eligible Firefinch shareholders who wish to acquire Leo shares under the entitlement offer...."
In the Ann Rep they said:
"Eligible Leo shareholders who wish...."

That does clarify the process, after the meeting there will be a Record date for the in-specie distribution. FFX shareholders holding on that date will be allocated LLL shares. There won't need to be a Record date for the Entitlement Offer as it's offered to Leo shareholders and holders of Leo would be unable to buy or sell their shares till it lists.