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.
Joel, cap raise is certain death spiral mate. Cash burn after...
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Last
$2.41 |
Change
0.080(3.43%) |
Mkt cap ! $1.141B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.44 | $2.37 | $7.372M | 3.055M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1059 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 1518 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$2.41 |
Change
0.080 ( 3.26 %) |
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| Open | High | Low | Volume | ||
| $2.39 | $2.44 | $2.37 | 1256860 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| WGX (ASX) Chart |