Long time lurker, first time poster
So for every FFX share, we are getting 1.4LLL, which is 1.4*$0.7=$0.98 on listing.
Market is pricing gold at $1.1-$0.98=$0.12
Assuming FFX drops to 40c-70c after the record date
Unless my maths is off at these current prices its better off not participating in the rights issue and just buying FFX outright now?
LLL Demerger and Offer - Consolidated Thread, page-2
Add FFX (ASX) to my watchlist
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| FFX (ASX) Chart |
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