Ann: Shareholder Letter - Additional Information, page-2

Careful MGV board... by making this explicitly clear that WGX share price is the main reason why they rejected the offer to date (as no other topics they raised early, received such a nice little 'Additional Information' update), because, if the price of gold recovers, perhaps even just 5% higher, WGX high leverage to the POG could see it's share price move up to or past the original offer price.

It will be interesting to see what the board does if the WGX share price moves higher than the original offer.... put out another 'additional information' notification explaining to MGV shareholders that the offer is now looking better?

More waiting ether way.