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.
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You are probably right loki that the market might accept it,...
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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. |
---|---|---|
$2.86 | 17255 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 22/11/2024 (20 minute delay) ? |
WGX (ASX) Chart |