Think the fact they’ve sold all these investments and done a CR (CR then sale of investments was the order) - tells you either one of two is happening. Either they’re stockpiling cash to do something or they are haemorrhaging cash and need it.
Given MGV is the most promising prospect in their area I think it’s the latter. The fact the SP is moving in the opposite direction to all other goldies points towards it too. Will be an interesting quarterly that’s for sure.
WGX may have cashed out their 49.8M shares of RNX, page-4
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Last
$2.56 |
Change
-0.060(2.29%) |
Mkt cap ! $1.213B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.62 | $2.56 | $8.190M | 3.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18514 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 3470 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |