My previous calculation is obviously wrong. Yeah its complicated and we need the ATO ruling for a definitive allocation of the cost base between the two companies.
In the presentation, The Demerger indicative market capitalisation split was as at 28 April 2022 = 96.5c = $1.136B MCap FFX
FFX are distributing 80% of LEO to shareholders. I think the cost base will need to reflect this, maybe as a Guess
LEO = 65% = $738m less 20% held by FFX = $590m= 49c of the FFX SP represents the cost base of the LEO shares and the balance represents FFX cost base.
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