I would think a positive cash flow from WGX operations of around $150m over the next 12 months before exploration would enable a few deals to be done on a cash basis.
I really do not like the thought of giving 20% of that away upfront for what I consider a LESS than pro-rata asset.
That could easily involve taking strategic interests in other miners where a future melding / horse trading of assets may occur on a CASH BASIS.
Cash as always is King and Dilution the Dirtiest of words-unless of course your cash is doing the dilution at a considerable discount.
Connundrum - Note change of sentiment
I would think a positive cash flow from WGX operations of around...
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Last
$2.93 |
Change
-0.040(1.35%) |
Mkt cap ! $2.763B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $2.98 | $2.93 | $33.24M | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 663107 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 369285 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |