@bobby Clearly they have at least one acquisition interest since they purchased a significant parcel of shares in AME. I would speculate that the major interested parties in M&A with WGX would be geographically close to their operations. That puts companies like RMS, SLR, GCY, RTR on the radar.
One option I have not heard spoken of yet, is a hostile takeover from a larger multinational miner like a Newmont, Anglo Gold Ashanti or Gold Fields. With the Aussie dollar bouncing around historically low levels again, some of these midcap Aussie miners look an absolute steal when market caps are converted to USD. WGX market cap in USD term was sitting below 500 million yesterday putting its EV value below $400,000,000 USD.
For PC and other long suffering shareholder to accept any offer, you would have to think that anything below a 40% premium would have a fair chance of being rejected. A 40 percent offer at current price would be $2.24 which wouldn't be covering the purchase cost for quiet a few unlucky punters.
One thing for sure, the chances of more Australian M&A activity in the near future looks very likely.
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