Ann: GWR to IPO Wiluna West Gold Project, page-61

an interesting though others have made, that it is floating out to preserve, outside of the takeover envelope.

If someone took us over for the iron ore, and the gold asset was inclusive, it would just get then flipped out to the acquirers buddies. But this way, we the shareholders get it.

And you dont want the predator, having any controlling stake in the gold company, so you dont want GWR to own any of it.

Interesting to follow who the directors of the gold IPO are.

From this point, its a no lose for us. We might get priority in the IPO, to make some coin, as hard to get positions in IPOs always crowded out by the lead brokers mates.

Other - When we have plenty of cash in the war chest, the world is out oyster.