WGX 1.08% $2.80 westgold resources limited.

Ann: Westgold Strikes Lithium Option Deal with Triton Minerals, page-7

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  1. 2,393 Posts.
    lightbulb Created with Sketch. 147
    hi oz,

    as usual, some well written posts there mate.

    you know, in all honesty here, this recent deal is nothing short of a potential scam, and I see no data to persuade any sensible business minded person to see the disadvantage upon executing such a deal both from a perspective of numbers or percentage value sought after (by wgx) and why any near term potential graphite producer would wish to become a lithium producer when its raining lithium juniors on the ASX already.

    there would be have to be some intensively secret incentives shown to triton management upon why we would choose to go backwards and give away a third of the company to aid wgx in moving forwards, yet I think I will hold off commenting any more until further facts and exact data has been issued.

    all the best over the xmas period mate as to all the wgx holders as well.

    cheers!
 
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