Reads well if nothing else.
No long tirade of why MGV is failed company.
Just a clear succinct reason for the offer and why to accept.
WGX is arguably the most leveraged play on the ASX to the price of gold (for a small/mid tier producer).
Less than 6 weeks and WGX will be 100% unhedged to POG, unlike all its peers, except GOR I suppose, but... ouch, they just announced some serious operational issues.
IF gold moves higher, WGX may see a similar outcome to what BRB had, which saw their premium rise far about the initial offer price.
Still could be other parties wanting to bid etc, but... I am just looking at WGXs offer.
Right now the offer is about $0252 cents a share for MGV holders. Not much of a premium, but... then it does not take into account that for me at least, WGX script is highly undervalued. By perhaps 50% to its peers. So.... all things being equal, the offer is closer to $0.40 if WGX re-rates to fair value. All speculation on my part.
- Forums
- ASX - By Stock
- WGX
- Ann: Offer for Musgrave Now Open and Completion of Despatch
Ann: Offer for Musgrave Now Open and Completion of Despatch, page-2
-
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.72 |
Change
-0.090(3.20%) |
Mkt cap ! $2.565B |
Open | High | Low | Value | Volume |
$2.75 | $2.77 | $2.66 | $21.94M | 8.108M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $2.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.72 | 85087 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6563 | 2.700 |
2 | 18610 | 2.690 |
4 | 34825 | 2.680 |
6 | 84180 | 2.670 |
5 | 20835 | 2.660 |
Price($) | Vol. | No. |
---|---|---|
2.720 | 18276 | 2 |
2.730 | 12721 | 3 |
2.740 | 6563 | 1 |
2.750 | 20991 | 4 |
2.760 | 23665 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
WGX (ASX) Chart |