Korab shareholders to receive 1 - 1.3 free shares in Lugansk Gold and Melrose Gold Mines
Lugansk indicitive IPO 26 - 34 cps
Melrose indicitive IPO 20 - 24 cps
Following the demerger of the gold mining operations, Korab will still hold GeolSec and Winchester.
I wonder at what price Korab will trade for post demerger.
So your looking at a low of
1 * (26+20) = 46cps plus share price of Korab (post demerger)
high of
1.3 * (34 + 24) 75.4cps plus share price of Korab (post demerger)
Wow
what is this worth?
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