WGX 1.78% $2.86 westgold resources limited.

Acquirer? Target? Merger II?, page-3

  1. 1,958 Posts.
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    arsenic, your points 1 and 2 I believe are the KEY benchmarks needed to make WGX a prime, world-class t/o target.

    So, what's the timeline? Based solely on the forecasted production goals from the presentation I'd wildly speculate a very minimum 12 months to a realistic 18 months, to an outside 2 years.

    My crazy talk assumes: WGX doesn't find the motherlode; doesn't begin "Au empire building," and; a range-bound POG between USD 1100 and USD 1400. It does not assume a predatory t/o, or a pre-emptive bid initiating a bidding war.

    Anyone remember the majors buying frenzy at the last top, now nearing six years ago? Watch out for a spike accompanied by panic acquisitions, with WGX being bought at its top.

    There are many world-class deposits, almost ALL in the happy hands of the majors -- one reason why they became/stay majors. With every ounce extracted their reserve depletes, it takes major ounces by discovery or acquisition to eat at the adults' table.

    Either in a t/o or as a standalone WGX will make a boat load of cash!

    OV
 
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$2.86
Change
0.050(1.78%)
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$2.80 $2.87 $2.78 $13.35M 4.704M

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No. Vol. Price($)
3 72565 $2.85
 

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Price($) Vol. No.
$2.86 17255 1
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