All is forgiven by WGX for NST gazumping of the WGX/TAM deal? Or is this just a desperate move by WGX to access cash to feed the capex/exploration cash eating abilities of it other operations?
SKO was WGX's lowest cost operation in the last 6 months and actually provided a surplus after all costs are factored in.
WGX recently did a CR with some overseas group and has a potential $120m it could raise if its $2.00 options are exercised in mid 2019 (but that is presumably too far away to meet their outlays for their two expansion projects). WGX seem a bit wobbly at the moment - hopefully it all comes good.
WGX will get $60m of NST shares, which they can sell at any time (and obviously will). At the current NST share price its only a bit under 10m shares so unlikely to have much impact on NST's share price.
loki
Ann: Acquisition of South Kalgoorlie Operations from Westgold, page-6
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Last
$17.51 |
Change
0.140(0.81%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2751 | $17.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 36039 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
