Just wanted to post to say I've bought some WGX.
I wasn't previously an owner of MLX, but now that WGX's is a stand alone gold miner I took a look.
Balance sheet seemed OK, some decent size resources, operating costs are high, but I suspect it would do quite well if the A$ gold price begins to surge.
Bit concerned that they have very few measured resources relative to the indicated and inferred. Anyone with more geological background have an opinion on their deposits?
Also quite concerned that MLX bought out WGX in mid 2012 (top of the last gold bull market) when the market valued it at A$70m and yet today the company is valued at $430m (potentially at the bottom of the gold bull market)...
Anyone care to comment on that?
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Last
$2.80 |
Change
0.030(1.08%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.82 | $2.76 | $9.255M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11822 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 48779 | 5 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
