joelstar
I dont see how you can describe the WGX offer as pennypinching.At both 1 for 4 and 3 for 11 it offered a near 80%-100% uplift to the GCY share price in the preceding 3 months.It is rare for a company to receive a t/o offering a 100% uplift in the value of their shares.Hardly penny pinching.What I dont see was the importance of requiring the FFR SID not to proceed.I did not and still do not see how this was a major impediment to the takeover.It is not as though FFR does not have some resources with a prospect of increasing their inventory.It seems odd that the WGX chairman talks openly about revisiting a bid when to do so means WGX will be bidding for an entity that has the very thing it said it did not want,namely FFR's resources.GCY has a mill that needs to be better utilised>Its attraction will diminish as the cost of building a similar mill decreases.Its asic is not good with its present resources and in the absence of finding higher grade ore another bid could be at a lesser price.I believe it has less than 12 months to prove itself in the eyes of the market.Time and drilling will tell.
- Forums
- ASX - By Stock
- WGX
- Ann: Withdrawal of Gascoyne Takeover Offer
WGX
westgold resources limited.
Add to My Watchlist
0.70%
!
$2.89

Ann: Withdrawal of Gascoyne Takeover Offer, page-5
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$2.89 |
Change
0.020(0.70%) |
Mkt cap ! $2.725B |
Open | High | Low | Value | Volume |
$2.91 | $2.93 | $2.85 | $10.44M | 3.598M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3100 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.91 | 1741 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3100 | 2.890 |
5 | 86801 | 2.880 |
4 | 47614 | 2.870 |
1 | 186 | 2.850 |
2 | 5345 | 2.830 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 1741 | 1 |
2.920 | 55206 | 2 |
2.930 | 51695 | 6 |
2.940 | 30074 | 1 |
2.960 | 26289 | 3 |
Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
Featured News
WGX (ASX) Chart |
The Watchlist
AFP
AFT PHARMACEUTICALS LIMITED
Dr. Hartley Atkinson, MD
Dr. Hartley Atkinson
MD
Previous Video
Next Video
SPONSORED BY The Market Online