So you're assuming WGX has stolen Karora vs RMS walking away because the price is too high?
It seems to be a fully value company being merged with an undervalued company (WGX). It seems to me that WGX should have enough on their plate already. With the increased gold price they have restart options on - Paddy's Flat, South Comet + South Emu-Triton.
They also have Great Fingall and Big Bell expansion currently underway. Plus they need to get their current operations under control.
Do they really want to f around with a merger?
However, if the gold price keeps going up then likely acquiring gold assets will end up being beneficial.
News: WGX Westgold Resources And Karora Resources Agreed To Combine In A Merger, page-54
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Last
$2.81 |
Change
0.160(6.04%) |
Mkt cap ! $1.332B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.84 | $2.67 | $84.95M | 30.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 274342 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |