General discussion, page-4357

That is some fine work there ....
Just a couple of points
~ the record date for the entitlement offer is COD today (5th May)
~ the opening dates for the pro-rata entitlement, shortfall & Firefinch (the offers) opens 9th May
~ the closing date for the Pro-rata entitlement offer is the 25th May
~ the closing date for shortfall offer is 27th May
~ the record date for in-specie is 6th June

IMO, any buying now is investors maximising their in-specie distribution and as such I anticipate (in the current climate) that the SP will maintain some strength well above the $0.64 incentive to subscribe in the entitlement offers.
~ there is no urgency to purchase entitlement shares, basically you have 2 weeks window to decide
~ also be aware that funds need to be received (cleared by financial institutions) by COB on their respective dates

Given the above,
~ any decision made will be on what each individual perceives the values of FFX / LLL will be post demerger?
~ everyone will decide what is best for them,

~ what is perplexing, if there is an abundance of shortfall shares (IMO, entitlement offers historically have a circa 40% - 50% uptake) the lead arrangers (Cannacord, Euroz, Macquarie) will have access to more shares in LLL than they are currently (as holders) eligible for.

@Paul23
Everyone will make their own choice, but I will be taking my full entitlement and subscribing for any shortfall shares (Not financial advice)


cheers