Ann: Lodgement of Bidders Statement by WGR , page-12

I wouldn't say that's likely either.

Basically you add AAG's issued capital to WGR's issued capital AND you add the assets of both company's together too. So it will be 3m ounces with 400-odd million shares on issue. About 140 shares an ounce compared to 100 shares an ounce currently.

WGR are getting the better deal here if it goes through as they have lower cash levels, a project less advanced (by their own admission) and less gold reserves and resource. It will be interesting to hear what OUR board has to say on the matter as it's blatantly obvious AAG don't need WGR.