LG bid now sitting at 17.6c
What's more interesting though is post the placement to LG CGT has
- $18m cash
- 300m shares
6c ps in cash !!
and now cash positive with gold output increasing ??!
at target 50k oz pa CGT earning about 10c ps pa (assuming $600/oz margin)
why does anyone like LG bid ??
why the discount to LG bid ??
lg bid at 17.9c - offered 13.5c, page-2
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