I would suggest that any takeover would start with an all scrip offer not cash.
They might dribble a few cents a share for a sweetner,if their all scrip offer are rejected.
Whilst cash is king it is also very expensive at present when obtained through debt.
Ann: Westgold Establishes $100M Revolving Corporate Facility, page-28
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Last
$2.18 |
Change
0.070(3.32%) |
Mkt cap ! $1.032B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.20 | $2.12 | $8.145M | 3.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6935 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 28028 | 2 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$2.17 |
Change
0.070 ( 3.36 %) |
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| Open | High | Low | Volume | ||
| $2.14 | $2.20 | $2.12 | 775023 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| WGX (ASX) Chart |