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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Well it seems that ACM is back under control - that is good...
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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. |
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$2.86 | 17255 | 1 |
View Market Depth
No. | Vol. | Price($) |
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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 |
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WGX (ASX) Chart |