Well, like the old saying of a child of a very large family, "Dad had the bat and ball and mum had the wicket. Every time they went to bed they played a game of cricket".
Looks like WGX has the plant and RNC has the resource. It would cost a lot of money to construct a new plant, and WRX processing their current output on half its capacity. If the plant was mothballed due to shortfall or marginality of current WGX resources in the area, RNC cashflow would then go to zero. No winners. Lose-Lose. If plant sold to RNC they can double their output quickly.
WRX having a good holding in RNC with its high grade resource plus $25m looks better than holding a plant in mothballs or barely paying costs. Win-Win. RNC and WGX both going to the races. That is a big profitability worry off the books for WGX. Sows ear turned into a silk purse.
Ann: Westgold to Sell Higginsville Gold Operations to RNC, page-7
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Last
$2.86 |
Change
0.050(1.78%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.87 | $2.78 | $13.35M | 4.704M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72565 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 17255 | 1 |
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