Ann: Westgold to Sell Higginsville Gold Operations to RNC, page-8

First 8 Last

Share
Profile

Follow
pmd3nka

3,819 Posts.

22

26/03/19

12:09

Post #: 37885380
Share

Originally posted by loki01: ↑

It seems a reasonable deal for both parties given their respective positions, so long as Beta Hut high grade ore is within reasonable trucking distance to the plant. RNC could blend the higher grade ore with the lower grade currently being mined and become fairly profitable over an extended period.

RNC currently does not have a lot of money - they raised CAD9m in early 2019, so they need to raise a heap more to get the deal consummated. I believe there is some institutional backing for RNC in Canada so perhaps they could raise another CAD40-50m if they can convince their backers of the plan.

Anyway, the WGX share price has come alive a bit this morning, but its probably mainly catch up on what the other producers have done since the trading halt.

If WGX gets its hands on the cash from this deal it may feed them for perhaps another 4-5 months - I doubt they can sell the RNC shares for 6-12 months otherwise they would tank its share price. I wonder what subsequent great sales deals The Cookie can concoct to keep the dream alive just a bit longer.

loki (a bit of hopium for WGX, but its "show me" time as far as the market is concerned.)

Expand

Loki, A question please. What is SP & capitalisation of RNC? Could not find it on the TSE access list that I have.

WGX on my 'buy' wl since my indicators turned positive last Thursday, but then TH. Not a long term holder because they keep flogging things. Been watching it since MLX spun it off. See if there is a bit of a retrace now.

pmd3nka

PS Was RNC the toll company?

Last edited by pmd3nka: 26/03/19

WGX Price at posting: $1.27 Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

HAR

Haranga jumps +7% on Lincoln acquisition

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.61		Change -0.010(0.38%)		Mkt cap ! $2.453B

Open	High	Low	Value	Volume
$2.64	$2.65	$2.59	$8.453M	3.238M

Buyers (Bids)

No.	Vol.	Price($)
2	147369	$2.60

Sellers (Offers)

Price($)	Vol.	No.
$2.61	1970	1

View Market Depth

No.	Vol.	Price($)
1	515	2.830
3	71977	2.810
1	9408	2.790
1	12648	2.780
5	17798	2.770

Price($)	Vol.	No.
2.390	3971	1
2.400	711	1
2.440	1650	3
2.470	231294	15
2.480	31422	6

Last trade - 16.10pm 30/07/2025 (20 minute delay)

WGX (ASX) Chart

Ann: Westgold to Sell Higginsville Gold Operations to RNC, page-8

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Neurizon inks $1.5M loan against R&D Tax Rebate

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Haranga jumps +7% on Lincoln acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Westgold to Sell Higginsville Gold Operations to RNC, page-8

Top Stories

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Neurizon inks $1.5M loan against R&D Tax Rebate

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Haranga jumps +7% on Lincoln acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News