WGX westgold resources limited.

Ann: Ceasing to be a substantial holder for AME, page-5

  1. 2,664 Posts.
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    When your hunting a larger predator it pays to weaken them first.
    Is RMS weaker or stronger immediately after its takeover of MGV?
    I would say at least a year before any accrued value from acquired tenements is seen.
    If RMS AISC is still around $2k an ounce with falling production then comparatively WGX is getting stronger while existing RMS shareholders have been diluted and getting weaker with new MGVshareholders sharing in existing returns.
    Its $270m incash will immediately be reduced to $250 on completion of the takeover.
    From what I see RMS has future needs for its cash to keep producing.
    IMHO WB pushed or precuzzumped a planned cheap bid for the South Mt Magnet tenements.

    Time will tell if I am right but it's worth looking at the WB interview concerning the RMS bid with the above thoughts in your mind.
    Look for the moment WB shed a faint momentary smile combined with a very sharp analysis of RMS and WGX complementary strengths and weaknesses.

    Regards
 
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(20min delay)
Last
$2.79
Change
-0.060(2.11%)
Mkt cap ! $2.631B
Open High Low Value Volume
$2.80 $2.83 $2.76 $10.45M 3.743M

Buyers (Bids)

No. Vol. Price($)
8 58349 $2.78
 

Sellers (Offers)

Price($) Vol. No.
$2.79 84235 2
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Last trade - 16.11pm 16/07/2025 (20 minute delay) ?
WGX (ASX) Chart
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