Can’t recall, but I think they had written down the value of Rover down to Zero on the balance sheet. So I think technically, it should have no impact on the share price, especially since there is no WC given by Westgold. but the algo’s might be programmed to treat it like a dividend and hit the price. But that would be a short term blip only.
This is good for Rover as they will now have a decent budget, focus and energy around development. Instead of living off the crumbs of Westgold.
now if we can get rid of the mining services company, I think it’s called ACM, then Westgold’s balance sheet can be focused on its core.
Can’t recall, but I think they had written down the value of...
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Last
$2.65 |
Change
0.100(3.92%) |
Mkt cap ! $1.256B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.65 | $2.60 | $8.481M | 3.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8689 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 7872 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |