A rising gold price conceals a lot. The issue for me is that both companies have tired tier-3 type assets, shorter mine life and relatively high costs. The combination isn't really complimentary at all, just doubling the size of the company and still having the same risks (albeit diluted by more sites).
At least you could say about RED and SLR that RED gets SLR's balance sheet and operating credibility, and SLR gets the mine life from King of the Hills.
News: WGX Westgold Resources And Karora Resources Agreed To Combine In A Merger, page-56
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Last
$2.94 |
Change
0.020(0.68%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $2.98 | $2.87 | $18.06M | 6.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38384 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 41607 | 6 |
View Market Depth
| Last trade - 16.11pm 24/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |