Foreign investors- your allocation of shares will be sold & the money sent to you. So if you are entitled to 10,000 shares, for example, they will be sold once the IPO happens & the money sent to you.
Please see the first sentence in the picture. It’s directly from the announcement & is on page 4 under the heading ‘Process and timetable’.
Inside or outside Australia, we can all get good exposure to nickel, cobalt & scandium etc* & also get some shares in a gold etc company by buying shares here. Of course we can also wait until Godolphin is born & buy shares directly in that if we wish.
*platinum group metals ( known as PGM’s ), among others.
Fun with Igor’s name? If the 555 is from the Subaru rally cars it comes out as go go go in Japanese. In case any wondered why they chose that number. It sounds good when read in Japanese but understood in English.
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Ann: Godolphin Resources - a spin-out of Ardea's NSW tenements, page-16
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