I think the gold price has further to fall. Fed Reserve is about to reduce it's bond buying. Interest rates are forecast to rise and these factors will put pressure on the gold price over time. There is still a great amount of pressure on the acquisition of qualified staff. On a positive note, Westgold could finally meet or beat forecast. This would increase profitability and hopefully return greater dividends to shareholders. My fear would be if they used cash to grow business with a backdrop of falling gold prices. GLTAH
1.50s, page-11
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Last
$2.54 |
Change
0.120(4.96%) |
Mkt cap ! $1.203B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.54 | $2.45 | $26.96M | 10.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 161515 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 107860 | 8 |
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| WGX (ASX) Chart |