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Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

Metals & Mining Gold
Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah Operations, Higginsville Gold Operations, Spargos Gold Mine, Beta Hunt Mine, and Lakewood Gold Mill. The Murchison Operations are located around the regional towns of Meekatharra and Cue in the mid-west region of Western Australia and incorporate the Meekatharra and Cue Gold Operations. MGO is located around the regional town of Meekatharra and encompasses assets, including the historic gold mining centres of Meekatharra North, Paddy’s Flat, Yaloginda, Nannine and Reedy’s. CGO is located around the regional town of Cue and encompasses Westgold’s southern group of Murchison assets.


TSX:WGX - Post by User

Westgold Resources Ord Shs > Culico Metals
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Post by MVargason Aug 19, 2024 4:20pm
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Post# 36186628

Culico Metals

Culico MetalsCulico (CLCO), the company spinout from Karora, currently has a market cap of less than $6 million but holds $10 million in cash.  In other words it is currently trading well below its cash value.

Culico's assets include a potential deferred future payment of $40 million from its sold interest in the Dumont nickel project.

What is to prevent the Dumont principal owners from offering Culico shareholders $0.20/share and obtaining Culico's interest for free?


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