Reads well if nothing else.
No long tirade of why MGV is failed company.
Just a clear succinct reason for the offer and why to accept.
WGX is arguably the most leveraged play on the ASX to the price of gold (for a small/mid tier producer).
Less than 6 weeks and WGX will be 100% unhedged to POG, unlike all its peers, except GOR I suppose, but... ouch, they just announced some serious operational issues.
IF gold moves higher, WGX may see a similar outcome to what BRB had, which saw their premium rise far about the initial offer price.
Still could be other parties wanting to bid etc, but... I am just looking at WGXs offer.
Right now the offer is about $0252 cents a share for MGV holders. Not much of a premium, but... then it does not take into account that for me at least, WGX script is highly undervalued. By perhaps 50% to its peers. So.... all things being equal, the offer is closer to $0.40 if WGX re-rates to fair value. All speculation on my part.
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Reads well if nothing else.No long tirade of why MGV is failed...
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Last
$2.51 |
Change
-0.060(2.33%) |
Mkt cap ! $1.188B |
Open | High | Low | Value | Volume |
$2.45 | $2.51 | $2.44 | $9.629M | 3.873M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 878 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.51 | 133174 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 878 | 2.500 |
1 | 268 | 2.480 |
3 | 63914 | 2.470 |
1 | 20210 | 2.460 |
2 | 36797 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.510 | 133174 | 19 |
2.520 | 59055 | 2 |
2.530 | 16168 | 1 |
2.540 | 16168 | 1 |
2.550 | 16168 | 1 |
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