well per the PR yesterday, they are meeting with institutional investors...of course we will know more once an agreement is reached and more information announced. but i agree a big run is coming.
strikehold, the possibility exists that they could sell the certificates at a premium, given the current gold price, and therefore generate more money. the counterpoint is the potential discount associated with the ability of aoag to deliver the gold later on.
the point is, they don't have to sell the certificates at par or face value.