FFX will drop by whatever the market considers 80% of LLL to be worth (they retain 20%) when it goes Ex-in specie entitlement on Friday June 3.
FFX will be valued for it's gold assets, cash & 20% of Leo which at that stage will not have traded.
June 9 is just when they intend to allocate the shares which will have no affect on the already reduced FFX SP.
General discussion, page-4914
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