Given the current price of WGX....and their cash holdings.....I'd argue that a takeover at a rate of say 3:5 would be very sensible.
Creating an entity with a mkt cap of $600mln....$250mln in cash...and annual production of 200,000oz min!
That would have upside....and I'd be in.
Thoughts?
WGX Merger
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.27 | $5.145M | 4.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39096 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 275738 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |