Joel, cap raise is certain death spiral mate. Cash burn after burn. WGX still can't make a profit, how the ??? will CGY? No point in hopes and what ifs, best chance is a scrip and ride the WGX into profit, will be much faster mate and less risk. Maybe Schmoopie is right, a 7:1 ratio may work, WGX is seriously undervalued with mines at steady states and 10 year LOMs. Churn and burn man, 5-7:1 ratio may seal the deal with a bounce on WGX SP to recover CGY SH losses. Even of POG went up 20%, the amount of capital required to restart is ridiculous, will take years to capitalise if ever. The sophs wont put any $$$ in if there is no ROI. Food for thought. GLsir.
WGX Price at posting:
85.5¢ Sentiment: Buy Disclosure: Held
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