As you may know I hopped on the boat this afternoon after doing...

As you may know I hopped on the boat this afternoon after doing a bit of research comparing GDO with other mid-tiers and noticed it was a great buying opportunity. I ignored the volume and still bought because I believe this is a great company as it has turned a loss into profit, remarkably. It is also able to reduce cash costs over recent years to provide return to shareholders. It is also confident and accurate with its production forecasts and keep shareholder's well informed (unlike others not to mention names). Cost is something we won't need to worry much about as management has this well and truly controlled - so the more gold we can produce the more money we can make, fantastic margin!

Alright, I'm excited about this company and went off track.

As the title says, there will be a vote by WWR shareholder's on 22 March in regards to the "reverse takeover" to form "Gold Goliath" of which we will hold 74Percent control.

We will be issued 1,048,919,472 shares in this new company and transferring our Me-gamine tenement to this newly formed company shared with WWR shareholders. After this share consolidation 20:1 to bring our share holding to 52,445,973.

The shares will be worth AUD$37.7M ( 0.25 ZAR =AUD0.036)

Similarly, WWR has market cap of 63M ZAR ~ 9M AUD
giving them 26% interests in the new company = 1/0.26 x 9M =~ $34.6M

Alone Mega Mine tenement has inferred/indicated resources of 12.65M oz
Under reverse takeover it has:

12.65x0.74 = 9.361 M oz + (3.2M oz WWR resources x 0.74) 2.368M oz =11.729 M oz

So we are basically sharing 0.921 M oz for $6.66M of WWR

Does my calculation make sense? or just confusing?
What other benefits will this "Reverse take over" bring to GDO, what was its purpose in the first place?

Please start discussing this as WWR shareholders will vote on 22 March!!

According to GDO: This will unlock ZAR 260M value for the Mega Mine Asset on transfer to goliath gold, to be passed on to Gold One Shareholders through their indirect majority holding in Goliath Gold.

ZAR 260M= $AUD 9.36M / 807M shares outstanding = 0.012c

Not a lot? Am I missing something?