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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Last
$2.80 |
Change
0.000(0.00%) |
Mkt cap ! $2.527B |
Open | High | Low | Value | Volume |
0.0¢ | $2.82 | $2.76 | $240.4K | 87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $2.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.67 | 399 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 2.790 |
4 | 27859 | 2.780 |
5 | 62281 | 2.770 |
4 | 112813 | 2.760 |
6 | 47616 | 2.750 |
Price($) | Vol. | No. |
---|---|---|
2.810 | 31114 | 1 |
2.820 | 133340 | 5 |
2.830 | 174294 | 4 |
2.840 | 55286 | 3 |
2.850 | 45724 | 3 |
Last trade - 09.38am 28/11/2024 (20 minute delay) ? |
WGX (ASX) Chart |
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