The shareprice fall from $ 2.77 had to do with WGX failure to be a good miner, not the Karora story, it has just moved it down another level …
And now Bank of America has arrived, MUFG are amateurs compared to them for those who remember.
I have heard the mining profitable ounces only story over and over but when production keeps dropping it actually increases fixed unit costs so it becomes a race to the bottom …
Good mines make money, average ones don’t.
Wayne is damn lucky gold prices has risen so much or he would still be reporting cash flow negative qtrs.
( along with a few other recent market champions )
Relying on an index inclusion and promotion to help your shareprice will only work for so long … Time will tell.
The shareprice fall from $ 2.77 had to do with WGX failure to be...
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Last
$2.14 |
Change
-0.060(2.73%) |
Mkt cap ! $1.013B | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.17 | $2.08 | $10.20M | 4.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14423 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 26577 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.14 |
Change
-0.060 ( 2.28 %) |
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| Open | High | Low | Volume | ||
| $2.16 | $2.16 | $2.08 | 1033249 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WGX (ASX) Chart |