WGR 0.00% 16.5¢ western gold resources limited.

wgr and mlx transaction

  1. 502 Posts.
    lightbulb Created with Sketch. 1
    Well hopefully it is a takeover with WGR getting part cash and part MLX shares. MLX undervalued, WGR undervalued and mlx has cash.

    i would imagine around the 25 - 30c mark is about right and although it is not a great premium - those that take MLX scrip will benefit in the future. (assuming that is what will happen!)

    i hold both - Fosters have targets double both the current prices so i expect Fosters will cover this deal (whatever it is) quite thoroughly.

    good luck all.
 
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