Hi Joelstar,
I only own WGX so I may be a bit biased. Both companies have suppressed stock prices so a script deal isn’t bad for either. In some ways I would have preferred WGX to stump up with the $100m in cash to avoid dilution, but keeping the cash in the bank is safer if the gold price dives. I think it’s a good move at a fair price for GCY.
I can understand some long term underwater GCY holders hoping for a higher bid, but it looks a whole lot better than the Firefly deal. I’ve been following GCY for some time, but decided against buying when I saw the Firefly deal.
Cheers
News: WGX Westgold Resources Says To Make Takeover Bid For Gascoyne Resources, page-4
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Last
$2.66 |
Change
-0.160(5.67%) |
Mkt cap ! $2.508B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.79 | $2.62 | $14.79M | 5.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 190 | $2.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 87285 | 3 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |