Very much agree Joel,
The sheer amount of money WGX has ploughed into its operations over the past couple of years is incredible really (big bell... I wonder if we will ever know exactly how much....) $141m spent on capex last year. Only $60m this year. HUGE difference.
I def like the conservative approach. I mean, the stock is basically valued at scrap prices anyway.
I think it likely they will get close to or beat 260,000 for FY2023. Especially if the U/G ops continue to perform.
They are being much more prudent... whoa. the prudent and WGX just seem strange to even type in the same sentence.
If WGX can finish FY 2023 with more cash, and pay another dividend, then... the share price will go the right way.
Ann: Presentation - FY22 Financial Results and FY23 Guidance, page-6
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$2.42 |
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Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.43 | $2.33 | $7.887M | 3.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11224 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 18381 | 2 |
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| WGX (ASX) Chart |