Whilst this slide from RED is... a little too full, it basically mirrors why WGX is merging with Karora.
Funny how similar the deals are in terms of one company with multiple mines acquiring a single mine asset.
And this... obviously I have added the green arrows.
Finally, in regards to production p.a.
Without doubt... we are seeing corporate action heating up, because... whilst bigger does not always mean better, it can mean economies of scale, risk reduction in regards to production and... for better or worse, taking advantage of passive investment which... begets bigger market caps..
Not a great outcome to have your share price struggle whilst POG is at highs, but... the upcoming deal is about the long term, not short term.
Not that I like to see the share price lower!
News: WGX Westgold Resources And Karora Resources Agreed To Combine In A Merger, page-50
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$2.88 |
Change
-0.020(0.69%) |
Mkt cap ! $2.716B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.94 | $2.83 | $21.38M | 7.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 96607 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 15765 | 1 |
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| WGX (ASX) Chart |