Post by
MaterialsMan on Apr 08, 2024 5:35pm
Volume
Millions of shares traded today. Lots of selling and lots of buying. Wonder what the huge volume portends.
WGXRF hardly trades on the OTC.. It was down quite a bit, but who knows how large the float is in the U.S.
Tonights action in Australia will tell us more about whether the arrangement is perceived as advantageous to Westgold, if at all.
The value of KRR shares from now until the deal closes, assuming it does, will be directly tied to the WGX.AX share price. We'll have to sharpen our math skills to be converting from Australian dollars to loonies or greenbacks.
Lets hope the Australian investors jump all over Westgold.
Comment by
MVargas on Apr 08, 2024 7:40pm
The merger announcement was made prior to market open yesterday in Australia (their Monday) and the stock didn't react much (down a penny). Flat so far in early trading.