WGR western gold resources limited.
Add to My Watchlist 7.95% ! 9.5¢

Post MIAMLX mkt cap = 1,624m shares @ 17c per share = $276mless...

  1. SunburntLand
    6,439 Posts.
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    14/05/12
    14:17
    Post #: 10171443
    Post MIA

    MLX mkt cap = 1,624m shares @ 17c per share = $276m

    less $70m cash
    less $30m listed investments

    = $176m EV

    Major assets include:
    Wingellina (100% MLX) worth $200m?
    Renison (50% MLX) worth $100m?
    CMGP (100% MLX) worth $75m?
    Rover (100% MLX) worth $50m?

    Conservative EV valuation = $425m, or about 2.5 times current market value

    This highlights the daylight robbery of today's deal

    So what's the next step? Decimate MLX to under 10c then hand it all over to APAC on a platter?

    Cheers
    WGR Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
9.5¢ 		Change
0.007(7.95%) 		Mkt cap ! $21.85M
Open High Low Value Volume
8.8¢ 9.5¢ 8.8¢ $42.56K 457.7K

Buyers (Bids)

No. Vol. Price($)
1 200000 9.4¢
 

Sellers (Offers)

Price($) Vol. No.
9.6¢ 20833 1
View Market Depth
Last trade - 15.49pm 08/08/2025 (20 minute delay) ?
WGR (ASX) Chart
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