MGV 0.00% 39.0¢ musgrave minerals limited

Ann: TAKE NO ACTION in response to Westgold Bidder Statement, page-4

  1. 21,008 Posts.
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    To be honest , I hold both wgx and mgv.
    I think WGX is incredibly under valued. And I would rather buy WGX at this stage. Because of plenty of upside.
    Mgv would need to dilute shareholders , several times I would imagine over the next couple of years without another T/o offer. And to be honest, I don't fancy having to then borrow money to build a new plant in a jurisdiction that has plenty of plants in any case. Waste of money.
    I would be happy with either wgx or rms take over at this stage.
    At a higher price somewhat. But to be honest , is MGV worth over $200 million at this stage.
    I suspect not. I wouldn't pay much more.
    I probably rather buy GCY if it was possible under $200 million
 
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Currently unlisted public company.

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