Westgold no longer shows up as significant shareholder, in RNX (now "Karora Resources) latest presentation, dated June 17th. WGX did own 49.8 million shares, as part of the purchase price of Higginsville, worth about $25 million Canadian over the last month.
Because WGX owned just under 10%, by Canadian regs they did not have to report the sale.
Nothing proves a sale happened - no official report that I could find, and this could just be a typo in the Karora presentation - but if the RNX shares were sold, that's another $25M in the kitty. Between the $45M raise, and the Musgrave and Karora stake sales, that's $85M or so raised.
Seems like more than WGX would need, even for (another) big remediation at Big Bell. Something brewing...?
Not holding at moment - the lack of reports from Big Bell is concerning - but watching.
WGX may have cashed out their 49.8M shares of RNX
Add WGX (ASX) to my watchlist
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Last
$2.63 |
Change
0.120(4.78%) |
Mkt cap ! $1.247B | |||
| Open | High | Low | Value | Volume |
| $2.53 | $2.63 | $2.50 | $5.015M | 1.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12911 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 4744 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |