NMDC paid $19m for new share issue and not buying from existing share. So after the deal, LCY has that extra $19m cash but NMDC is 50% share of the company therefore basically they are still the owner of $9.5m. They effectively give $9.5m cash to existing share holder, and $9.5m is half of the company, as it see it is worth. Therefore right now, it see LCY worth $19m.
NMDC paid $19m for new share issue and not buying from existing...
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1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
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| LCY (ASX) Chart |
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