Mulling it overNow that WGX investors have had a day to think about, it doesn't look as if they are very impressed.
It was down to $2.20 AUS dollars on triple normal volume. And looking at the chart, the 2.20 held through the session.
This is certainly not the valuation that I was hoping for. If my conversions are accurate, that 2.20 mutiplied by 2.5 comes out to about 4.90 cn, and 3.60 us.
Gold did pop 25 bucks after the close, and that might have made a difference. A little more patience is probably in order to see how things settle out.
I wish there was more volume on the OTC. I think it would be a better and easier way to measure sentiment.
What do they say? 'It is what it is' I guess.