Ann: Withdrawal of Entitlement Issue, page-51

Maybe they should look at merging with AGS. Currently AGS is trading at twice the price of WPG and have 104m shares on issue and $9.4m in cash.
210m new WPG shares might get the cash, plus 17.9% of TYX and 11m CTL shares.
That would make WPG the largest shareholder in their jv partner.

As an AGS holder, I would accept 2:1 to be part of a larger company that is a producer. As a WPG holder, I would also accept as it is even better than the cancelled rights issue imo. More dilution but more of a cash buffer if required and closer ties to TYX.

I hope the two companies are looking at the possible synergies of a merger.

I hold shares in both WPG and AGS though not TYX