Even though wgx and mlx have their own ways to achieve goals but they are still living under one roof.
Ex mlx raised capitals to help wgx to work its own way. Mlx and wgx must bear all the costs and fees.
It doesn't mean when wgx received 100 mil in the bank, it should be double the value than mlx which is only having 50 mil regardless the assets because who could guarantee gold retains more value than other metals?
Without ex mlx then wgx will never has its day and without the ex mlx MD then post mlx will never has its strong metals based company as today.
It's similar as two gears driven one shaft. They must work in opposite directions to drive the shaft forward. If wgx has two gears that means there's a fine adjustment to adjust a cyclinder backward and forward.
It's one of methodology in equilibrium. You could find plenty of things to talk about equilibrium in nature and in human lives too.
For example if your kid has opposite ways of thinking and he/she doesn't listen to you. You must NOT gettind upset because it's against natural and it's bad for your health. You must solve the problem professionaly and remember do not let the wrath of GOD remain indefinitely in your generation and your next of skin.
It's easy to say but hard to practice.
Back to mlx and wgx. If both of them decouple and both falling at the same time then there's NO reason for institutional investors to keep the original MLX. Once they hit a panic button then you'll know what I mean. It would be painfull for wgx because 80% are top holders. It's ill liquid and it does not react strongly when there's a rising tide.
So one of them must be active and well lubricated until next year when the USD must fall under Trump Presidency then both will be capable to spin at maximum speed.
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WGX
westgold resources limited.
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$2.94

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Last
$2.94 |
Change
0.020(0.68%) |
Mkt cap ! $2.772B |
Open | High | Low | Value | Volume |
$2.98 | $2.98 | $2.87 | $18.06M | 6.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 38384 | $2.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 41607 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38384 | 2.930 |
4 | 46229 | 2.920 |
1 | 3174 | 2.910 |
3 | 23850 | 2.900 |
3 | 21284 | 2.890 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 41607 | 6 |
2.990 | 42971 | 3 |
3.010 | 150 | 1 |
3.030 | 20000 | 1 |
3.060 | 8200 | 1 |
Last trade - 16.11pm 24/06/2025 (20 minute delay) ? |
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WGX (ASX) Chart |