Second glance at the prospectus is worse than the first I thought shareholders were giving up 50% of the gold they own, it's appears that it's going to be a lot more than that ( see table on p13)
gwr shareholders 36m seed investors 10m (money for old rope) New investors 35m On this basis shareholders giving up 55%
But wait there is more.... The dreaded options Directors 10m Broker options 3m
Add all this up and you get 94 million
Gwr shareholders giving up 62% of the Gold But wait there's more...
on page 12 "GWR shareholders can also increase their entitlement to Shares pursuant to the in-specie distribution by acquiring additional GWR shares on market prior to the Record Date."
Isn't that good you can buy some shares in the gold you already own?
