C'mon folks .. dont you understand how the share market, and IPO's work?
BWN are floating off their other assets.
They will ISSUE THEMSELVES a certain amount of shares as their "payment" for the projects. BWN will keep these .... Effectively YOUR asset.
To raise exploration cash for the new company, they will issue shares to the public
As a shareholder, they will allow you a "priority" to obtain some of these for a cost. If it is a hot IPO, you stand to make a little profit.
If you dont want them, fine, they will issue them to other public investors who do.
After the new company lists, BWN will have a company asset of shares in the new entity, you will have your shares in BWN reflecting that asset, and if you decided you wanted to, you would have a priority packet of shares in the new company @ 20 cents.
Sounds simple to me!
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C'mon folks .. dont you understand how the share market, and...
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Last
64.0¢ |
Change
-0.020(3.03%) |
Mkt cap ! $176.1M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 68.5¢ | 64.0¢ | $43.77K | 65.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 18711 | 1 |
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| Last trade - 14.01pm 16/08/2024 (20 minute delay) ? |
| BWN (ASX) Chart |