One of the attractions of WGX was it was cheap, on a cost per resource oz basis. That should put a floor under the price. If they were to try to get big bell up and fail spectacularly it could be relatively easily taken over and dismembered. After all Cooky has cobbled together various assets rationalising some leases.
A third party like NCM or SBM may find elements attractive.
Conversely at his age and experience ( and by his statements) Cooky should know what a fair price to pay for assets are. He thinks the things he bought were cheap so hopefully. He wont be shown to have paid stupid prices. Additionaly he was reasonably comprehensively outbid for the Tanami assets.
Sell off and Bounce?, page-3
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Last
$2.70 |
Change
0.100(3.85%) |
Mkt cap ! $2.546B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.61 | $12.47M | 4.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 80000 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| WGX (ASX) Chart |