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.
The RUM sale would help cash a little but the problem is WGR...
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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 |
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| Last trade - 16.12pm 08/08/2024 (20 minute delay) ? |
| WGR (ASX) Chart |
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