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Ann: IPO Prospectus for Western Gold Resources Lodged, page-136

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bullbandit

447 Posts.

209

02/06/21

11:51

Post #: 53588719
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Originally posted by wilef: ↑

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?

Expand

Word is from one of the lead managers, the IPO is fully subscribed...

GWR Price at posting: 25.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 8.3¢		Change -0.004(4.60%)		Mkt cap ! $26.66M

Open	High	Low	Value	Volume
8.7¢	8.7¢	8.3¢	$5.194K	61.69K

Buyers (Bids)

No.	Vol.	Price($)
1	174590	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	174590	0.083
1	250000	0.082
1	190000	0.081
2	135000	0.080
1	6798	0.078

Price($)	Vol.	No.
0.100	279000	2
0.110	55500	2
0.115	15384	1
0.120	62375	1
0.130	50000	1

Last trade - 14.21pm 04/10/2024 (20 minute delay)

GWR (ASX) Chart

Ann: IPO Prospectus for Western Gold Resources Lodged, page-136

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Sellers (Offers)

Featured News

Ann: IPO Prospectus for Western Gold Resources Lodged, page-136

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News