GAU great australian resources limited

overseas project coming soon., page-5

  1. 33,065 Posts.
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    I see the oppies as the way to go. If they place their platinum assets in one company I am sure option holders wont be left out. Don't forget two of them are getting a million each at the AGM next week. I see a pro-rata applying, say 5 for 1 and GAUO dropping accordingly. So if you had 50,000 GAU's you would get 10,000 shares in spin new company. Same as the optioms, however the GAUO's expiry price would move from 20 cents to 16 cents. Well that's what I am hoping for down the track. Options expire I think end of 2008 so they have time. I have one quarter FPO's and 3 quarter's in GAUO's. I havn't owned GAU for long but it reminds me of ARU's spin off. ARU looked after everybody in their NUP spin off. Made enough money selling NUP to have a nice investment in GAU.
 
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