The other point here Joel is that a takeover of GBR could be explained as 'organic' (neighbouring project, milled in existing WGX infrastructure).
It gives WB some wriggle room to say WGX hasn't really deviated from its focus on organic growth (and not jumped into big ticket M&A, as promised).
He's got to be feeling pretty foolish about choking on the offer for such a cheap Spartan, but GBR gives him a low-cost option to add to his inventory in lower-risk way.
The other point here Joel is that a takeover of GBR could be...
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Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $37.23M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.4¢ | 6.2¢ | $15.98K | 253.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 141343 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 2644 | 1 |
View Market Depth
| Last trade - 10.50am 15/05/2024 (20 minute delay) ? |
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Last
6.4¢ |
Change
-0.002 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.4¢ | 6.2¢ | 80800 | ||
| Last updated 10.50am 15/05/2024 ? | |||||
| GBR (ASX) Chart |