Post by
MaterialsMan on Apr 15, 2024 5:21am
Step in right direction
IMO it is critical that the WGX stock price responds positively to the arrangement in order for KRR shareholders to see some gains by July.
Last night on the AUX, the volume in WGX increased significantly.
The price was up only a penny, but at least it was up. That hasn't been the case overall since the deal was announced.
The merger has to be perceived as a positive by Australian investors. Otherwise, it could be a long wait. I don't even know if the increase in the gold price will move the needle on WGX. It hasn't yet.
Of course, I haven't seen much positive action across the spectrum as regards gold stocks.
That, to me, is a little concerning.
Comment by
MaterialsMan on Apr 15, 2024 11:54am
Westgold stock seems to be coming alive on the OTC. Up almost 3% on much. increased volume. I guess it takes time for stuff to sink in. Maybe the light in dawning on Marblehead.
Comment by
Skylar1 on Apr 15, 2024 12:45pm
If the price of gold stays near $2400.00 the earnings will be fantastic and the gold stocks will rise , i don't see KRR or WGX being left behind .
Comment by
amishelvis on Apr 15, 2024 5:12pm
If a large fund with access to both markets wanted to buy WGX,,,why would they? When they could buy krr and get a cash kicker along with some shares of the spinco.
Comment by
MaterialsMan on Apr 18, 2024 6:22pm
Sorry, I made a significant error in this post. It should have been 2.5 instead of 3.5. Must have been wishfull thinking. Interestingly, the price of WGXRF has finally caught up on the OTC. It translates almost exactly to the price in U.S. dollars of today's KRR close using the various factors.