Well... clearly I was wrong. WB has seemingly out-maneuvered RMS for a change, which... is a plus, but... I really struggle to see the synergies, except the for obvious, both RMS and WGX Geo teams clearly love the U/G assets of Karora. Plus... is diluting holders 50% worth it...?
I can only assume that Karora wants WGX script far more than RMS (because RMS will soon become a single operational producer), plus, WGX are going to be able to run the Karora U/G with their own teams, so lower costs etc.
I can be honest and say I have no idea how the market will take this.... I still think they should have moved on smaller players to bolster the Bluebird plant, but I can only guess they will do this once they bed down Karora's assets (am I right in thinking this will be a pure 100% unhedged Australia producer?)
400k p.a medium term goal, longer term likely 500k p.a.
Finally... very strange timing, with the downgrade to production for FY24, as in... WGX is bargaining from a position of weakness, albeit, it was much much weaker not so long ago, so.... swing and roundabouts.
Looking forward to hearing more discussion from others.
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- Ann: Merger to Create 400 kozpa Australian Gold Miner
WGX
westgold resources limited.
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Last
$2.77 |
Change
0.070(2.59%) |
Mkt cap ! $2.612B |
Open | High | Low | Value | Volume |
$2.74 | $2.78 | $2.72 | $13.45M | 4.873M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1116 | $2.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.77 | 412 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1116 | 2.760 |
5 | 18434 | 2.750 |
4 | 69266 | 2.740 |
2 | 10390 | 2.730 |
2 | 5367 | 2.720 |
Price($) | Vol. | No. |
---|---|---|
2.770 | 412 | 1 |
2.780 | 67884 | 3 |
2.790 | 29175 | 4 |
2.800 | 750 | 1 |
2.810 | 5000 | 1 |
Last trade - 16.13pm 10/07/2025 (20 minute delay) ? |
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WGX (ASX) Chart |