Seeing as no one else wants to, I'll take a stab at it.
The stock is in a rapid expansion phase and seen as containing some risk. Especially re-production costs.
It's thinly traded but included in the Van Eyck listed gold fund so with a falling gold price it's automatically sold but hasn't got support.
As far as I'm concerned if they deliver on plans or the greater part thereof it'll be fine even move sharply to the upside.
The three things they have to do:
- Get Big bell up and running.
- Keep production costs down
- Convert resource oz to reserves.
The mix of achieving those objectives will deliver a proportion of the turn around in SP you seek.
Of course a rising gold price would be a panacea.
News: WGX Westgold Resources says acquired Tuckabianna project from Silver Lake Resources, page-10
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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 |
