WGX westgold resources limited.

News: WGX Westgold Resources And Karora Resources Agreed To Combine In A Merger, page-8

  1. 35,474 Posts.
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    Poster Obliqua , I dont know you from a bar of soap , but you speak more sense in reasoning against the merger in 3 sentences than the many pages WGX used to justify the merger .

    $490 m in synergies I do not see , - no break down in how that is going to occur , have to think there is a reason for this merger apart from synergies because they are just not there !
    Ie can not imagine ore being carted from Meeketharra to Kal on an operational front or from an admin perspective that a restructured smaller board and smaller office would achieve inhouse . WGX would have been better off to have purchased one or two of the explorers in the Meeketharra area (like RMS did with MGV) than go down this route
    Last edited by plough: 08/04/24
 
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$3.05
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