Thread,
My understanding is that the claw-back is for 75% i.e. if exercised, WGR would be free carried through to mining (as you indicated)at which stage they would contribute their share (25%). Would appear to me that if Anglo is really interested in Rover-1, it would be better value (at current market cap) for them to make a bid for 100% of WGR. Saves them outlaying cash to take a look ($36m you estimate), they get all other acreage, including WGR's Explorer 108 lead/zinc resource, uranium interests and 19.9% of Aragon Resources plus control of WGR's cash reserves ($20+m). Makes sense to me when the current market cap of WGR being just $75m. If Rover-1 is too small for Anglo and they let option lapse, then it is still a win for WGR. So a win-win whichever way.
K.
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Last
3.4¢ |
Change
0.004(13.3%) |
Mkt cap ! $5.792M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.4¢ | $578 | 17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8403 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 46186 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8403 | 0.030 |
1 | 132061 | 0.028 |
1 | 20000 | 0.025 |
1 | 50000 | 0.020 |
1 | 26348 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 46186 | 2 |
0.035 | 15579 | 1 |
0.039 | 111570 | 1 |
0.045 | 5395 | 1 |
0.120 | 200000 | 1 |
Last trade - 10.20am 17/07/2024 (20 minute delay) ? |
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