best small cap gold stocks, page-200

Westgold is quite good at withholding some crucial pieces of information in their quarterly reports, one of which is their debt position. The company has $44m cash, around $35m of debt and another $36m of unearned revenue from the gold prepayment scheme. They have expended over $300m cash on capital expenditure in the past 2 financial years on their mines. It seems like their mines had been in need of substantial maintenance. That being said, the last half year has shown that perhaps the major spending is now behind them. At least the Meekatharra and Fortnum mines have better AISC in the last quarter.

I recently bought back into it, after leaving it alone like a leper the last 18 months. I bought some options in late 2017 and they don't even ring the cash register. Someone in the WGX forum called it a junkyard dog. Up till now, it seems to be one very fitting description. Maybe it is going to get a wash soon.