It will be interesting to see what the terms of any potential deal would be. Wgx pretty much only have to get a couple of good quarters under their belt with no downtime in mining or processing on the back of a fast rising POG to hit $3.50. So any deal i think would have to have a huge upside for WGX to even consider it. Given the golden horse has already declined how good could it be? It would seem less risk to buy up the penny stock neighbours (as others have also said) and get the mills humming with all that softer oxide ore while gold is on a tear. Hope any big deals aren’t reverting to the old mantra of OZs for the sake of Ozs not the new mantra of profitable Ozs.
WGX Price at posting:
$2.62 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)