Hi Dockie,
I think the answer to you question lies in the commodity price.
If you think Au is prospective then WGX is likley to perfrom despite operational issues in ramping up mines. i.e. not overpriced.
If you like Sn & Cu including a dividend then MLX.
I think MLX is the better bet but fully priced at present. I think your best entry would be on a/the capital raise based on the Rentails expansion hopefully in the next few months.
I've been in nearly as long as you. I ramped up my interest when MLX scooped up REED resources gold assets after they made a mess.
PS. Depending where you exited in 2016 you may have missed some of the best price performance from MLX. Further in the long run I think MLX is going to be a mid tier Aussie miner. that brings with it the analyst and fund manager disciplines (questioning) along the way from here. If you came via Bluestone you'll knows Cookie's involvement with the stock. From here on in it's likely to be much more predictable. I'd hate to see a fellow shareholder whose done the hard yards not get the benefit.
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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. |
---|---|---|
$2.81 | 48779 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 2.790 |
4 | 27859 | 2.780 |
5 | 62281 | 2.770 |
4 | 112813 | 2.760 |
6 | 47616 | 2.750 |
Price($) | Vol. | No. |
---|---|---|
2.810 | 31114 | 1 |
2.820 | 133340 | 5 |
2.830 | 174294 | 4 |
2.840 | 55286 | 3 |
2.850 | 45724 | 3 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
WGX (ASX) Chart |