News: WGX Westgold Resources Says Group Gold Operations Generated EBITDA Of $11.9 Mln For Qtr, page-2

Interestingly, aside from gold ops 11.9 mill , they made another 3.6 mill on their newly purchased mine ops team... so they must have made 15.5 mill EBITDA.... and this is a horror quarter

let us have fun....  15.5 x 4 = 62 mill

market cap 365 mill

is that good to EBITDA 62 mill on 365 mill?

maybe they depreciate 100 mill on 'stuff' and they make a loss?

aside from all the funny numbers they can massage, I guess cash is the best guide.... and they lost 11 mill in cash (but who knows, did they increase assets by 22 mill)

another simple way to look is the $150 margin they made on AISC sales of 60k, so that is 9 mill 'profit'

I guess what is odd is to ask the simple question.... are they loss making or profit making.  I think the share price route says they are loss making.... yet the report says they are profit making... yet the cash deplete says they as loss making...   yet the AISC says they are profit making

I wonder what a broker report will look like on this mob;  I await some director buying....  now they can buy (cannot buy in lead up to report release)... so if you dont see directors buying at 99 cents (remember assets at book value are $1.12, and directors say they are making profit, and have a new profit producing mining ops team making a profit; and directors have earmarked lots of improvements to make MORE profit; and resources and reserves are up...   well, they better buy some of their own cooking)

if we had a vote would the loss making or the profit making win the election

sadly, there will be no news until next quarter to rerate (neither up or down)... this beast may sit here at $1 for ages.... or maybe make its way to 90 cents... or make its way to $1.10

Do you think the shorters had the news in the last week or so, before the release.... nah, that could not happen...  against the law