Hi I believe we are more than a cash cow and the current position will improve as the PoG does go up (which if all the news out there is correct should be happening very soon). The price is currently hampered by the actions of Van Eck's Gold funds which took a long position on WGX and subsequently has to reduce the holding. I think once this sell off finishes which should take place over the next few weeks the price should start reflecting the actual value of the underlying organisation rather than artificial tail wind.
If you want to get further details on the sell off check out the RMS thread as there are a lot of better informed posters who have covered this topic - it will really answer your questions.
Cash Cow, page-2
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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 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
