Newcastle Gold Ltd.

Operating Gold Mines - Quebec & Peru Canadian Gold Producer with significant GOLD Reserves

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almost 13 years ago

If an investor thinks that the merged company is going to go higher, why would they buy the relatively more expensive WTG share? CMM is trading at around $.55 (.22/.4) when we factor in the conversion, vs mid $.70s for WTG (about 40% premium). This is a fairly logical reason why CMM went up on WTG news.