I think WGX management has been quite good actually. Sure, they appeared to have headed down since it listed after the Metals X demerger. However, what became evident was the capital development phase where they invested some $300m into their Fortnum, Big Bell and Meekatharra mines. We have seen Fortnum gain momentum now and delivering lower cost gold ounces. Big Bell is now getting started. I expect that they will be doing better from here. Perhaps they may benefit from spending some cash on increasing the processing capacity of their 3 plants. Being around 1.5Mt p.a. mills, we do see insufficient economies of scale. Higher capacity should see costs lower.
Price drop, page-6
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Last
$2.73 |
Change
0.070(2.63%) |
Mkt cap ! $2.574B | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.73 | $2.59 | $19.29M | 7.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6137 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 100440 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |