Fact is they are spending more than they are making. Nothing has changed there for the last few years. Further to this, more $ need to be spent to reduce costs/increase scale and get new projects (albeit, re-hashed marginal operations) cash flow positive.
To be honest, the best "asset" Westgold has is its large tenement holdings. Maybe they should be spending a bit more on exploration - isn't cookie a geo with a history in the Murchison? That's the lottery ticket...but the clock is ticking, probably have another quarter or two left before they are out of cash or have to raise more.
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Last
$2.91 |
Change
-0.030(1.02%) |
Mkt cap ! $2.744B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.96 | $2.86 | $15.89M | 5.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29450 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 68639 | 3 |
View Market Depth
| Last trade - 16.11pm 25/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |