The RUM sale would help cash a little but the problem is WGR probably needs $50mil to be a miner.
Can see MLX underwriting a big rights issue at some stage (eg 1:1 @ 12c).
So this keeps the downward pressure on.
Against that, 3 miilon + ozs of high grade gold in low risk Australia is being valued at only $20-$22 per oz at 18c (you tell me how many multiples of $20 per oz they could make on those 2 deposits if they were a miner now).
I'm tempted to buy more but need to keep fire power in case a punitive rights issue comes.
- Forums
- ASX - By Stock
- WGR
- mlx buying another 3%
mlx buying another 3%, page-7
Featured News
Add WGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.918M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 340001 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 27028 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 340001 | 0.022 |
2 | 52696 | 0.019 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 27028 | 1 |
0.032 | 50000 | 1 |
0.035 | 39039 | 1 |
0.039 | 111570 | 1 |
0.045 | 5395 | 1 |
Last trade - 16.12pm 08/08/2024 (20 minute delay) ? |
Featured News
WGR (ASX) Chart |
Day chart unavailable