If I have one criticism of management it is that they sold gold forward based on a too low price for too much of total production. There is low leverage to a higher gold price for a couple of years, but then the bottom part of a downside is insured against. If they keep doing this with the output from Big Bell, I am totally out for good, because my gold miner stocks are insurance for a big economic crash and a boom in gold. If this happens, WRX will be a wallflower sitting in the seats but will not get a dance. So it isn't insurance. A zombie.
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Last
$2.53 |
Change
-0.030(1.17%) |
Mkt cap ! $2.387B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.57 | $2.52 | $12.47M | 4.922M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40100 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 18939 | 3 |
View Market Depth
| Last trade - 16.21pm 01/08/2025 (20 minute delay) ? |
| WGX (ASX) Chart |