I wanted to start a new thread to explore the possibility that...

I wanted to start a new thread to explore the possibility that financing falls through. As it stands, they appear to be proposing to issue shares in GDO to current owners of Rand Uranium.

At current valuations ($US250m for Rand and $US420 for GDO at $A0.48, and exchange rate of $US1.08 per $A1) this would result in about 37% of company going to the owners of Rand Uranium. The deal is to settle at the 30 day VWAP.

Questions:

1) Does anyone know if any of the owners of Rand Uranium are on the GDO Register already? (i.e., won't take much to get to 51%)

2) Any other implications?