WGX 1.78% $2.86 westgold resources limited.

Ann: Quarterly Activities Report, page-5

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  1. 173 Posts.
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    Well it seems that ACM is back under control - that is good news, cause it was a money pit (pun intended) for a while. Assuming it's run competently, I can understand the rationale self-performing all these numerous WGX development works. The risk would be that they run out of internal work in a few years time and then can't re-contract, externally. I for one have no wish for WGX to devote too much time/money to becoming a mining services Contractor - they already have enough (too much) on their plate.

    Also interesting to read they're now planning to sell HGO - they only bought the neighbouring Polar Bear tenements 1 year ago? I guess if they can bundle it all up and then sell the whole Project for a profit, it's all good? But if they sell for a loss, it'll be very disappointing. I don't think anyone would argue that WGX needs to simplify their scope of operations though.

    Happy to keep holding WGX for now - however it seems like this is always a "so much potential" stock? At some point they have to get the runs on the board, but can't deny they're making progress. I read a report on recently on Livewire which ranked WGX last in the Australian Gold Miners. I'll see if I can find the link.
 
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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
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