That's why I took profit today. WGX went from $250m of net cash to call it $80m net cash post merger.
But share count has almost doubled. So a shareholders net cash ownership has reduced by 5/6ths from $250m/473.3m shares to $80/944.7m.
And oz per share have gone down given Karora was producing less than 200k oz.
And WGX now need to incur higher costs to refine nickel now that nickel west is shutting down.
Re transaction costs need to remember merger docs state $39m in costs + $64m in duty to be paid.
That's why I took profit today. WGX went from $250m of net cash...
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Last
$2.80 |
Change
-0.080(2.78%) |
Mkt cap ! $2.650B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.84 | $2.78 | $6.099M | 2.170M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 41372 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 60671 | 71 |
View Market Depth
| Last trade - 13.33pm 09/09/2024 (20 minute delay) ? |
| WGX (ASX) Chart |