WGX 1.78% $2.86 westgold resources limited.

Ann: Quarterly Activities Report, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,303 Posts.
    lightbulb Created with Sketch. 664
    You are probably right loki that the market might accept it, but... with two of their projects making decent losses for the quarter, I have to wonder at just why the market is being so forgiving! Although,... perhaps it has already been punished somewhat with the having fallen quite a way.

    WGX for now, is most definitely a high cost producer even when running on their expected guidance. Did not take much to smash their numbers to bits (i.e), total reduction of planned ounces produced as 12k less. Yet, it blew the AISX to over AUD $1700.

    Big Bell is not kicking until the March Quarter next year, or perhaps even June, so... could be another 9 months of cash burn, even though surely they must be getting closer to finishing up on the high capex expenses? Exploration does seem ok, but.. its a shame they are so brief with all of the results.

    If I try to compare WGX to RMS.... while RMS is producing approx 200-210k p.a, WGX is only just going to hit 275k. Yet... WGX E/V is more than double RMS and for now, I feel RMS has proven itself to be much more capable miners.

    I bet the MD is hoping NST go north of $7 so they can sell a few!

    More watching for now I think.
 
watchlist Created with Sketch. Add WGX (ASX) to my watchlist
(20min delay)
Last
$2.86
Change
0.050(1.78%)
Mkt cap ! $2.527B
Open High Low Value Volume
$2.80 $2.87 $2.78 $13.35M 4.704M

Buyers (Bids)

No. Vol. Price($)
3 72565 $2.85
 

Sellers (Offers)

Price($) Vol. No.
$2.86 17255 1
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
WGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.