How's this a bad deal for WGX or AME?
Alto takeover would make sense.
Alto are in the Murchison region.
They have no debt and 6.5m in cash.
Their resource per ounce price of AU would be currently valued at well under $100 when divided by their current market cap.
Alto have an existing plant that can be refurbished for a capex outlay of between 10 and 15 million.
Alto have multiple exploration targets that a larger cashed up player like WGX could potentially discover a much large indicated resource sooner.
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Last
$2.94 |
Change
0.005(0.17%) |
Mkt cap ! $2.782B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.07 | $2.94 | $6.813M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 57288 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 33914 | 25 |
View Market Depth
| Last trade - 14.59pm 23/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |