I haven't looked too deeply into Karora and Beta Hunt. If Westgold can grow it into a bigger/better asset then there is more merit in the merger.
I actually recorded something a few weeks ago on the Ramelius potential offer and came to the same conclusion that it was not a particularly attractive combination.
In general, I’d prefer to own companies with bigger/newer assets. I mainly held Westgold as a trading stock on the A$ gold price and have never been invested in the story etc to look at what-if growth scenarios. You’re right that they probably didn’t have many growth options other than sticking to WA gold. From my own perspective I don’t have much inclination (especially in a rising market for gold stocks) to stick around and see if they can make a merger work (hence-not held). Tends to be a drag on the share price for at minimum 6 months.
I haven't looked too deeply into Karora and Beta Hunt. If...
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Last
$2.20 |
Change
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| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.18 | $8.190M | 3.707M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2777 | $2.18 |
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| Price($) | Vol. | No. |
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| $2.20 | 102749 | 107 |
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Last
$2.19 |
Change
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| Open | High | Low | Volume | ||
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