Yet.... no one wonders why a supposed 'Mid Tier producer' on the ASX, with aspirations to become a 400k p.a. Puts out a production update for the month of may??? What is the actual rationale for doing so. Why not wait for the quarterly?
The last time they provided such an update for their monthly production, their operations and gold output dropped. I just struggle to understand what caused they to put this update out? To bolster the shareprice? Short term gain. What is the real reason? WGX has telegraphed for a while, that more U/G ore is going into their mills, so an increase in production is not unexpected (though... to be fair, their history of production guidance being met is incredibly poor).
WGX Price at posting:
$1.21 Sentiment: Hold Disclosure: Held
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