WGR
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6.25% 3.0¢ western gold resources limited.

wgr and mlx transaction

  1. phogg
    502 Posts.
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    10/05/12
    16:47
    Post #: 10159109
    Well hopefully it is a takeover with WGR getting part cash and part MLX shares. MLX undervalued, WGR undervalued and mlx has cash.

    i would imagine around the 25 - 30c mark is about right and although it is not a great premium - those that take MLX scrip will benefit in the future. (assuming that is what will happen!)

    i hold both - Fosters have targets double both the current prices so i expect Fosters will cover this deal (whatever it is) quite thoroughly.

    good luck all.
    WGR Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
3.0¢ 		Change
-0.002(6.25%) 		Mkt cap ! $5.110M
Open High Low Value Volume
3.0¢ 3.0¢ 3.0¢ $5 177

Buyers (Bids)

No. Vol. Price($)
2 193750 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 16633 1
View Market Depth
Last trade - 11.03am 15/11/2024 (20 minute delay) ?
WGR (ASX) Chart
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