LCY 0.00% 1.5¢ legacy iron ore limited

lcy taking over haw, page-40

  1. 80 Posts.
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    Zmans,

    legacy has/will effectively pay $9m for 60% of HAW.

    HAW has about 1.7bn shares on issue now, so after LCY gets 60%, that means there will be about 4.2bn shares on issue.

    LCY will be getting about 2.55bn shares.

    So $9 / 2.55bn shares gives an entry price effectively of $0.0035 per share.

    compare that to the $0.012 current price.

    looks like a bargin to me.
 
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