If they updated the market before this announcement then maybe...

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fitnfam

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04/07/23

17:09

Post #: 68616681
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Originally posted by speculator101: ↑

After some further pondering, if I look for the simplest reason for WB making the offer to MGV, it was simply to flush out RMS, once and for all.
If they did not counter bid, then WGX would pick up more ounces, expensive ones, but... can be justified when you have nearby mills.
As WGX could not sit and keep wondering..... are the CUE ounces ever going to actually be available... as the MGV board sat on their hands for a decade and never offered them up for toll treatment. So only real option was to acquire the company.

As for Plan B, I assume it will centre on expanding the current 4 key U/G mines and accompany that with a staggered restart of 1-3 open pits (perhaps 1 for each of the plants). Then bring on Great Fingall and... there is your ounces. Perhaps not as profitable as the CUE ounces, but... a damn sight cheaper than giving away potentially 25% of the company.

Just 9k ounces left in the hedge and reducing by 1k every 3 days. Sort of surprised that WGX has not updated the market on the June Q, other than the very light update on the 26th of June. At guess, it is perhaps not a stellar one (just flat), just another reason why it's going to be almost impossible to outbid RMS, with their very solid quarter due to Penny.

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If they updated the market before this announcement then maybe WGX shares would be even higher and that in itself might make WGX's bid look better.- Heaven forbid that happening.

WGX Price at posting: $1.62 Sentiment: Buy Disclosure: Held
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Last $2.89		Change 0.020(0.70%)		Mkt cap ! $2.725B

Open	High	Low	Value	Volume
$2.91	$2.93	$2.85	$10.44M	3.598M

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	3100	2.890
5	86801	2.880
4	47614	2.870
1	186	2.850
2	5345	2.830

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2.910	1741	1
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