The pooling makes sense, not only for partial share holdings but also for multiples as it may increase pricing power once all allocated shares are taken...
that's an excellent point Robert.
Currently, say you have a whopping 50 shares. Even before the dividend gets any bugger than it is now, that is 30 grams per month dividend -- hence, it is only every FOUR MONTHS that you can buy one new share!
if you have 5 shares, you have to save up for 3 yrs or somethign to compound your ownership.
(I'm sure someone has the formula for this granularity?)
nice point Robert..
Once all shares are taken up, I expect that TGC shares will start rising, especially if gold falls back to a spot price of $335 or lower.
Of course, it does remain to be seen what TGC will do when the demand for
their shares continues to rise after the initial alloction has been taken up.
It's all explaiend on the web site! they'll never sell any more shares until, and this is "at least," the shares trade at FOUR HUNDRED
dilution free miracle stock.
-- Robert
- JP
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