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
70.5¢ |
Change
-0.015(2.08%) |
Mkt cap ! $778.7M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 71.0¢ | 70.0¢ | $1.465M | 2.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 198133 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 43290 | 12 |
View Market Depth
| Last trade - 14.07pm 24/05/2024 (20 minute delay) ? |
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Last
70.0¢ |
Change
-0.015 ( 2.70 %) |
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| Open | High | Low | Volume | ||
| 70.5¢ | 71.0¢ | 70.0¢ | 313216 | ||
| Last updated 14.20pm 24/05/2024 ? | |||||
| SPR (ASX) Chart |