CEO
What is nice about this deal? WGX has just borrowed another $21m, and are continuing to bleed money on their ramp ups.It is a better deal then their other GPP since its at a higher price (lower effective interest rate) but it is still a loan that must be repaid, in this case in gold payments rather than cash. I wonder is settlement is on a cash basis? The fact that they have hedging in place at a higher price than the GPP is a plus, but its normal for a company to have such hedging in place, and the decision to hedge should be made irrespective of any borrowings.
loki
Ann: Westgold Tops Up with $20.85M Gold Pre-Pay Addition, page-3
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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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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
