At 28th. April there were only 167.3 million shares on issue.
I note in GDR's presentation released today the following:
"Total potential Shares on issue before conversion of any share options 1552.2 M" (That's more than 1.5 billion shares!!!)
"Funds raised $6.0M plus funds from Convertible Note $4.6M
Total funds accessible $10.6M"
This information appears to be massively dilutionary to current shareholders. Is that the reality?
If so, my question is, "Do current shareholders need a 10 bagger to break even?"
I also see Goldstar are going to change their name to Orion Gold NL. Why? Goldstar is an excellent name. Surely the company should be proud of the name Goldstar and what has been achieved?
GDR
goldstar resources nl
