GRN gravity diamonds limited

re: gravity's restructure a Good post Gupper.It is apparent not...

  1. 568 Posts.
    re: gravity's restructure a Good post Gupper.

    It is apparent not all pundits appreciate the value in the restructuring. A pertinent point is the fact that BHP Billiton is paying .32 cents a share just for the Gravity Diamonds company. They are not participating in the in-specie distribution of Steller Resources. Any shareholder however who owns GRN will receive a one for one share in Stellar, which, as you rightly point out, has a cash backing of .133 cents, a host of exploration activity and only 37 million on issue.

    Interesting times ahead
 
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