GDO
Click for more information
0.00% 30.0¢ gold one international limited

clawback - 500million shares

  1. piotrvip
    3,195 Posts.
    clock Created with Sketch.
    16/05/11
    11:39
    Post #: 8404898
    There's alot to digest with today's announcement, and I cannot claim to have had more than a cursory inspection of the documents released today.

    My largest concern at this stage is the clawback provision - whereby if the acquisition of shares proceeds as proposed, the consortium will be given almost 500million shares in 2012 for NO CONSIDERATION if 120koz production target is not met by 31 December 2011.

    Has anyone come across this type of condition before? Is it common?
    GDO Price at posting: 51.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS What matters for FY25: Investment; interest rates; inflation & elections
right-arrow Created with Sketch.
GED Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA
right-arrow Created with Sketch.
IMM Immutep reports strong response rate from immunotherapies treating carcinomas
right-arrow Created with Sketch.
TLX Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
right-arrow Created with Sketch.
NEWS Buying smarter as baby boomers get boost
right-arrow Created with Sketch.
RNU Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GDO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.