Is there any way they can do that without screwing shareholders?
With PNR's 6.4 billion shares and WGX's 1 billion shares there would be a massive share overhang.
Would be just like how Silver Lake shareholders got done when they merged with Red 5 - Vault Minerals (the new entity) has 6.8 billion shares on issue now and the SP isn't going anywhere fast with that dilution.
Nobody wins there except the directors.
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Last
$3.06 |
Change
-0.250(7.55%) |
Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.38 | $3.06 | $27.49M | 8.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 193561 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 64249 | 3 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |