WMG 9.26% 29.5¢ western mines group ltd

Ann: MTD026 Update and Expansion of Mulga Tank Drilling, page-276

  1. 1,566 Posts.
    lightbulb Created with Sketch. 341
    @Walkeddownthehall - thanks to AI or google for that one

    Xstrata made a $7B bid for WMC in 2005.

    In rejecting the bid, the WMC valuation by Grant Samuel attributed 60% of the value to Olympic Dam, 30% to Nickel West and the balance to phosphates.

    Now Nickel West was a series of mines and concentrators, a smelter and a refinery.

    So when you misinformation plonkers start posting about BHP's successful $9B bid and attributing most of that value to Nickel West or even Mt Keith alone you are being most misleading!

    Mt Keith's value in that bid? I don't know, $300M or thereabouts. After all concentrates can be bought to feed smelters and refineries.



 
watchlist Created with Sketch. Add WMG (ASX) to my watchlist
(20min delay)
Last
29.5¢
Change
0.025(9.26%)
Mkt cap ! $23.86M
Open High Low Value Volume
28.0¢ 29.5¢ 26.0¢ $14.31K 50.61K

Buyers (Bids)

No. Vol. Price($)
2 6067 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 1493 1
View Market Depth
Last trade - 14.25pm 14/08/2024 (20 minute delay) ?
WMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.