Ann: WGX: Westgold Announces Takeover Offer for Musgrave, page-59

Here's what will happen if there's no other offer.

SP will be pegged to WGX while the TO is in motion
some will convert and then dump their WGX and possibly trade this decline.
WGX will stand firm in their offer as there's no incentive to up if there's no other suitor

Some will hold on for dear life esp if they're currently underwater.

some WGX holders will troll here no doubt.
rusted on holders will hold
WGX SP is likely to gradually slide from its current price

management will initially say do nothing while offloading their positions, then recommend holders convert

the remaining holders will either convert, sell on market to spite wgx, or be compulsorily acquired. Might happen over a few months or nearly a year.

anyone need any more info on this refer to MINs scrip takeover of NWE.

why do I care?
I held MGV from 12c to 40c and was looking to buy back in.

they have grade, although stringy, and favourable metallurgy. WGX wants in for a reason.

what I don't know is how much overhang I'm SP there is in the SP that might hinder WGX.

I'm tempted to open a short on WGX.

all my musings and speculation only. Not financial advice, do your own research.