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30/07/21
16:01
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Originally posted by Karl89
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Time will tell, disagree all you want, but be prepared for it.
Again, a lot of demergers the current shareholders get only a priority spot in purchasing new share in the new company… so its worlds better than that. I just hope people arnt expecting their holdings to magically be worth double on day one of the demerger (who knows, it could be!)
absolutely not giving Ganfeng anything, they would have to buy it… and we would sell it to them as LithiumCo will need cash! How much cash and how much to be sold is TBA.
if you relook through what has been released since the lithium deal, I am convinced Ganfeng will be a substantial investor in LithiumCo… which doesn’t have to be a bad thing at all.
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Newco will list IPO with 500m (200m up for grabs) at 20c. 200m to existing holders = 1:4 ratio, 100m retained by ffx. Raising $40m for funded project with 100% LOM BOA it will fly but just my guess