The merger is on a valuation of 21c for wgr , so they should have to give an equivalent number of mlx shares to equal 21c but thats not what they will give us so its not going through. mlx at 14c then we expect 1.5 mlx shares for one wgr share to maintain that so called superior offer.
We would have to be right mugs to take 1.1mlx for 1 wgr share. Why would a gold company merge with a marginal tin miner with a depleting cash level. What company would even attempt such a merger which benefits the major shareholder. Directors obviously not doing their job and should be investigated.
WGR Price at posting:
14.0¢ Sentiment: None Disclosure: Held
