Ann: Westgold Tops Up with $20.85M Gold Pre-Pay Addition, page-7

the trading on WGX is actually very odd;  I did put a formal letter into ASIC - telling them some people knew how much and when it would be shorted (from the GDXJ rebalance).  But the public were not allowed to have the info.  I did write to GDXJ to ask 'where can I find this info, that some people have'.  They dodged the question when they responded to me.

So WGX got hammered down (shorted) from low 1.30s to under $1 in two waves.  And the selling was the same.  The person (I assume) on both sides of the price selling to themselves and pushing the price down.  Now with a pretty poor couple of weeks for gold price and announcements, we have the same type of activity.  The share price has moved UP!!! 20% on bad news, pog falling.  In short, the shorters are covering.

WGX is one of my most profitable trading stocks.  But I dont like the company at all.  (as I have said)  When the shorters are done covering it will be interesting to see where the real price is/should be.

Cookie has bought a fair bit with his own money.

Asset value is about $1.12 (dont count the gold)

But Lord knows if they are losing money every day - or getting ready for the big turnaround.

The share price and trading refects nothing other than some insiders knowing the GDXJ info... and shorting... and now covering.

Good luck to holders.  I was out yesterday.