VegIt works like this:They are going to list their U interests...

Veg

It works like this:

They are going to list their U interests to raise cash for exploration & project developement. As a seperate entity it will be worth more to the company & hence shareholders.

They ARE NOT GIVING shares away! They are RAISING CASH via a float. So they say to shareholders ...

"Totally up to you people, but we are listing our U project & need cash ... We are offering you first dibbs in the IPO .... wadaya reckon?"

So where does that leave you? Well, you own GDN shares, and will STILL have exposure to the project through GDN's 30% shareholding. PLUS, if you take up the priority IPO offer, you get super cheap shares that could give you between 200 - 400% stag profit on your IPO investment.

Sounds OK to me!

cheers