Solid quarter with cash build of $25 million - second quarter of strong cash build - lots of cash.
If WGX can keep that up whilst replenishing reserves it will have to be re-rated eventually.
Only 475 million shares on issue - a 10 cent dividend would only cost $47.5 million which can easily be covered by 2 quarters of cash flow leaving the other 2 quarters for growth.
The price of this stock relative to its peers beggars belief.
RMS has now the twice market cap with half the reserves - go figure.
WGX has an EV of around $550 million with 2 million ounces of reserves valuing reserves at around $275 an ounce when margins are close to $1,000 with another 6 million ounces on top of that.
Either WGX is going to be taken over or do a take over.
Has the expansion study mentioned below come out yet - it must be due soon.
GLTA/IMHO
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Last
$2.56 |
Change
-0.060(2.29%) |
Mkt cap ! $1.213B |
Open | High | Low | Value | Volume |
$2.59 | $2.62 | $2.56 | $8.190M | 3.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 18514 | $2.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.58 | 3470 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 18514 | 2.560 |
10 | 62927 | 2.550 |
5 | 15323 | 2.540 |
4 | 36342 | 2.530 |
2 | 4342 | 2.520 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 3470 | 1 |
2.590 | 37659 | 5 |
2.600 | 39187 | 3 |
2.610 | 13784 | 2 |
2.620 | 28711 | 2 |
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