JW has shown us many ways in raising cash. Private placements,...

JW has shown us many ways in raising cash. Private placements, shares in lieu of payment, SPPs, exercising options .......

Now shareholder, how would you do it?

Well this is how I would have done it.

1) make available for sale one ounce a1 mineral gold coins minted at the Perth Mint (forward sale). The cost for each coin would be set at a 33% premium to the POG at the time of the announcement. Maximum number of coins / shareholder to be defined, but something like 10 being maximum. So if the UD POG was 1500 then the coin cost would be $2000

2) With every coin issued by the company, the company will issue 10,000 options exercisable on or before a day 3 years forthwith at an exercise price of 30c/ option.

This way you actually get something for your money rather than a promise. Company has to deliver the gold (i.e. perform) and in doing so should make the options, in due course, in the money. If everything falls flat then at least you can hold the gold.

GC