it's another shocker, lousy 7 million profit made in this quarter with exceptional gold price, ( if gold drops by $100 an ounce, they make nothing) dismal result really
Big Bell, might not be the right name, it may need to be renamed White Elephant, as suggested grades are not that good, hence SilverLake Resources bailed and this has saved them from bankruptcy.
AND This, read between the lines.
Debt Westgold has no corporate debt. Westgold has equipment lease payments on purchased plant and equipment under normal commercial terms with expected repayments of approx. $15 million in the current year.
Nothing has changed and I will stick with others.
WGX Price at posting:
$2.64 Sentiment: None Disclosure: Not Held
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