PeterCook: We live in an unfortunate world where quarter to quarter performance is a proxy for value and that is a short-term trading mentality. We remain fully focussed on the creation of inherent value and long-term wealth for our shareholders. We are now starting to come out of a heavy investment phase so we will soon go from a phase of re-investing our cash to aggregating cash. At this stage investors want to see free cash flow rather than wealth creation.
When the market sees we are a strong cash generator we should re-rate to values reflected by our industry peers. That's fast approaching.
*11 Dec 2018 the same Director backed his own outlook and purchased $358,000 for 400,000 shares in WGX. Fair statement I would have thought.
News: WGX Westgold Resources To Buy Andy Well And Gnaweeda Gold Projects, page-15
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Last
$2.80 |
Change
0.030(1.08%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.82 | $2.76 | $9.255M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11822 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 48779 | 5 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
