Westgold Resources Limited (WGX.AX)
- Simply Wall St.
Westgold Resources Limited's (ASX:WGX) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Westgold Resources (ASX:WGX) has had a great run on the share market with its stock up by a significant 16% over the...
- Reuters
UPDATE 2-Australia's Westgold to buy Karora Resources in $808 mln deal
Australia's Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a cash-and-stock deal worth about A$1.23 billion ($808.36 million), seeking its gold assets in Western Australia. The deal will propel the combined group to become a mid-tier gold miner producing around 400,000 troy ounces of gold a year in the state and with a market capitalisation of around A$2.2 billion. Karora shareholders will receive 2.524 Westgold shares, with A$0.68 in cash and 0.30 of a share in a new company to be spun off from Karora, which will include its shareholding in lithium explorer Kali Metals and a 1% lithium royalty on certain mining interests.
- Simply Wall St.
Institutional investors control 70% of Westgold Resources Limited (ASX:WGX) and were rewarded last week after stock increased 12%
Key Insights Given the large stake in the stock by institutions, Westgold Resources' stock price might be vulnerable to...
