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So just quickly, the new venture in Mongolia is planning to list...

  1. jupiter
    959 Posts.
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    29/03/12
    15:52
    Post #: 9913758
    So just quickly, the new venture in Mongolia is planning to list on the ASX, with 100m shares issued to GCN holders being 10% of the capital of the company. Therefore, a billion shares upon listing. $4 million to be raised via prospectus. Assuming 20c issue price, that leaves 700m shares elsewhere. Sounding a lot like the P1 model. Where is that at by the by?
    GCN Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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