IPOHallo, I don´t know how I can discribe, but it is good an bad....
After the IPO Goldmining has only 4 mio shares left (if I am right, that there are only 20 mio. shares)....
Not so much. I found this in the last financial report - good for us:
Some money from the IPO comes back to Goldminng:
Pursuant to the agreement, the Company also caused its subsidiaries to assign and transfer to GRC the following buyback rights held by them under existing royalty agreements with third parties (the "GRC Buyback Rights"):
the right to acquire a 2.0% NSR on the Batisto Project for US$1,000,000;
the right to acquire a 0.5% NSR on the Surubim area of the Surubim Project for US$1,000,000, which royalty is payable after production at the project has exceeded two million ounces;
the right to acquire a 1.5% NSR on the Surubim area of the Surubim Project for US$1,000,000;
the right to acquire a 0.65% NSR on the Rio Novo area of the Surubim Project for US$1,500,000;
the right to acquire a 0.75% NSR on the Whistler Project (including an area of interest) for US$5,000,000;
the right to acquire a 1.0% NSR on the Yarumalito Project for $1,000,000;
the right to acquire a 1.0% NSR on the Goodwin Lake property at the Yellowknife Project for $1,000,000;
the right to acquire a 1.0% NSR on certain portions of the Big Sky property at the Yellowknife Project for $500,000; and
the right to acquire a 0.25% NSR on the Narrow Lake property at the Yellowknife Project for $250,000, in cash or common shares of GoldMining at any time until the fifth anniversary of commercial production.
what you mean?
stay healthy
Rost