Not sure why WGX would be looking to make a major acquisition at the moment. They need to bed down their organic expansion plans.
If they managed to do that and produce 300,000 ounces per annum, I'm pretty sure they'd reach a market cap of over $2 billion with gold prices being as high as they are.
Not against WGX picking up tiddlers in the vicinity of their mills but definitely against any big purchase that will see share dilution.
One of WGX's strengths is its low number of shares on issue which comes to the fore when dividends are paid.
$20 million cashflow per quarter against 475 million means a company with 950 million shares (say SLR) needs to generate $40 million to get the same cash flow per share.
GLTA/IMHO
WGX Price at posting:
$2.62 Sentiment: Buy Disclosure: Held
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