WGX 1.37% $2.88 westgold resources limited.

Ann: CY 2018 Gold Production Guidance Update, page-26

  1. 11,901 Posts.
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    Hi Kovey, I am just a humble punter like most on HC.
    No inside or outside info. Just going from everything I can scour off the web, plus WGX performance since its demerger. The quarter will be average IMHO. I estimate they have burnt though approx $25m, plus they had a couple of issues with also forced their hand with the guidance downgrade. All things being equal, the AISC will be highish. They have $60m in NST shares, its going to be interesting to see how many they sold and at what price.

    Compared to its peers, the company is cheap, but... investors are overall, impatient, and WGX is taking a whole lot of time to meet its vision of being a 400k+ producer. I think if you go back to much earlier presentations, they have servery missed their targets.

    That all being said, I am tempted to buy a few, but... while I am no chart guru, its not pretty.

    The AUD gold price must surely help them out a bit in the June Quarter, but... March I think will be average at best. Not long to find out.
 
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$2.88
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1 16984 $2.86
 

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