So current eligible MEP shareholders will receive approximately 1 Demetallica share for each 20 MEP share owned. So in all about 25 Million shares will go to existing shareholders. The IPO will offer shares to raise capital.
The question then is "How much will Demetllica aim to raise".
It's got to be more than $10 Million (part of OZ Mineral deal condition). Lets guess $15 Million.
IPO at 30 cents a share would offer 50 Million shares giving 75 Million shares on issue and value Demetellica at $22.5 Million.
At 50 cents a share would offer 30 Million shares giving 55 Million shares on issue and value Demetellica at $22.5 Million.
If it's 60 cents a share the SOI would be 50 Million - I like this a lot.
Possibly $20 Million raise is doable.
DYOR
Add to My Watchlist
What is My Watchlist?