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4.76%

11.0¢ gwr group limited

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

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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?

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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

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(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $35.33M

Open	High	Low	Value	Volume
11.0¢	11.5¢	10.5¢	$87.54K	784.0K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	357657	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.100
2	79550	0.099
1	30000	0.098
1	100000	0.093
1	14285	0.070

Price($)	Vol.	No.
0.110	357657	1
0.115	20000	1
0.120	187756	6
0.125	70000	1
0.130	100000	2

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 11.0¢			Change 0.005 ( 4.76 %)
Open	High		Low	Volume
11.5¢	11.5¢		10.0¢	460023
Last updated 15.49pm 08/05/2024 ?

GWR (ASX) Chart

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