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?
- Forums
- ASX - By Stock
- Ann: IPO Prospectus for Western Gold Resources Lodged
Second glance at the prospectus is worse than the firstI thought...
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GWR (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.94M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.5¢ | $115 | 999 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 140628 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 255277 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 140628 | 0.105 |
2 | 105010 | 0.100 |
2 | 79550 | 0.099 |
1 | 30000 | 0.098 |
1 | 21065 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 255277 | 2 |
0.120 | 35899 | 2 |
0.125 | 71720 | 2 |
0.130 | 108000 | 2 |
0.135 | 48000 | 1 |
Last trade - 14.02pm 26/04/2024 (20 minute delay) ? |
|
|||||
Last
10.5¢ |
  |
Change
0.000 ( 8.70 %) |
|||
Open | High | Low | Volume | ||
10.5¢ | 11.5¢ | 10.5¢ | 32060 | ||
Last updated 14.01pm 26/04/2024 ? |
Featured News
GWR (ASX) Chart |