Hmmm....it appears you disagree with some of my opinions @Hiddenvalue. It wouldn't be the first time. However, If you'd like to be a bit more specific about any of my opinions that you've interpreted as wild allegations, please don't hesitate to present any relevant facts that might be worth considering.
As far as I can tell, WMX are saying that GWR 'has an obligation to WMX' to bring the GWR gold deposits up to JORC 2012 compliance with at least 75% indicated, or if we put some numbers to it....75% of 289,000oz. Negotiations with WMX about developing the Golden Monarch deposit have obviously turned into custard with 3,000oz of Measured + 30,000oz of Indicated not attractive enough for WMX to agree to include it under the JV terms, which would then obligate WMX to start spending cash on pre-development / mine setup, mining operations, processing & refining.
WMX want the full GWR resource gift-boxed & developed on WMX terms, which seems extremely unlikely to happen considering GWR is reviewing (or has already reviewed) other opportunities to advance and unlock its gold potential.
The wording & tone of the WMX clarification announcement strongly suggests that GWR have already taken assertive steps in a direction that doesn't include WMX....& WMX really aren't happy about that. However, I think if WMX were to put the right amount of dollars on the table as a purchase offer that's 'to-good-to-refuse', maybe GWR might consider the offer? Who knows? The only problem is : WMX doesn't have the necessary quantities of spare dollars to considerately place on the GWR negotiating table at the present time.
- Forums
- ASX - By Stock
- GWR
- Ann: WMX: Clarification on Wiluna Mining and GWR Joint Venture
Ann: WMX: Clarification on Wiluna Mining and GWR Joint Venture, page-15
Featured News
Add GWR (ASX) to my watchlist
|
|||||
Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $25.69M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 7.8¢ | $25.31K | 321.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 220000 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 557 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 220000 | 0.077 |
1 | 400000 | 0.076 |
2 | 566666 | 0.075 |
1 | 200000 | 0.074 |
1 | 12000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 557 | 2 |
0.082 | 75000 | 1 |
0.087 | 20237 | 1 |
0.088 | 62500 | 1 |
0.090 | 100000 | 1 |
Last trade - 13.12pm 06/09/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |