LCY
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6.67% 1.4¢ legacy iron ore limited

if you are assuming HAW has 2.6bn after the placement, LCY needs...

  1. TheAdviser
    80 Posts.
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    21/12/11
    11:22
    Post #: 9470271
    if you are assuming HAW has 2.6bn after the placement, LCY needs to own 60% of haw post the SPP.

    so its placement needs to be above this number, as the announcement says post the SPP.

    so 2.6bn = 40%
    therefore 100% = 6.5bn

    LCY gets 3.9bn shares for its $5m.
    LCY Price at posting: 12.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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