No, incorrect. Some assets were moved out of the company GWR, hence that meant the share price fell.
They listed at 20 cents, so doesn't that mean the Cost Base for GWR is now 20 cents less per every eight shares? Then, if the WGR are free, then anything they are sold for becomes the Capital Gain for tax purposes. I would like some professional advice on this....
IPO - Western Gold Resources Limited - 19 July 2021 #, page-17
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Mkt cap ! $5.962M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3.5¢ | 15579 | 1 |
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