I would like to see the company participate in the capital raising that Musgrave Minerals (MGV) announced to the market on Tuesday. I believe the two companies have been in discussions over funding since we acquired a 15% holding in MGV last year.
The drill results announced to the market last week (03/12) for MGV's Lake Austin exploration project has captured the markets attention as the next potential 1 million oz gold discovery, conveniently our Tuckabianna mill is located just 40klms away.
Perhaps our recent $23 million capital raising was partially aimed at having a little money on hand to prevent dilution of our share holding, or a JV with MGV might be on the cards, in any event we have an interest through our share holding.
Management are currently juggling so many balls in the air with, mill refurbishments, project start-ups/ramp-up, not to mention the ACM saga, I just hope management don't get overwhelmed, if they steer the company throught these obstacles, credit to them .
Cheers - DYOR & DD
Ann: Change of Director's Interest Notice, page-4
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Last
$2.90 |
Change
0.150(5.45%) |
Mkt cap ! $2.735B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.90 | $2.78 | $12.46M | 4.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 169942 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 9611 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| WGX (ASX) Chart |