Post by
MaterialsMan on May 18, 2024 8:30am
Seriously undervalued
WGX has a great balance sheet with all the right boxes checked. Unfortunately I don't think KRRs SP will react to any great extent if the breakout continues, unless the SP of WGX begins to respond favorably.
The ASX gold stocks have not been able as of yet to respond favorably to Friday's action.
I for one will be keeping a close eye on how gold opens Sunday evening and subsequently, how WGX.AX responds. Canadian investors will be shut out by Queen Victoria on Monday, but there will be trading in the U.S.
Even with Westgold being a real bargain, I'll be shocked if it doesn't begin to respond down under if the breakout continues.
The trading of Westgold in the U.S. is pathetic. Westgold can't even get a bid here.
Comment by
schmidilein2713 on May 18, 2024 10:04am
they will do everything to keep the shareprice low- because they have to pay/offer a 2.52 multiple for Karora shares. Each cent higher shareprice means more money to pay.
Comment by
MaterialsMan on May 18, 2024 10:59am
I would beg to differ. If if was a cash deal, you would be absolutely correct. But it's not. Two and half shares are two and a half shares regardless of the share price. The cash portion has been pre determined. It stays the same no matter what. Pretty sure this is correct.
Comment by
grampax5 on May 23, 2024 11:23am
I'm hoping to see $3. to $3.50 within 6 months after the merger