$1 billion party, page-21

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Isladar

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27/09/19

20:13

Post #: 40615182
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Originally posted by rocket973: ↑

Good luck boys, seems some good upside according to analysts.

WGX - WESTGOLD RESOURCES LTD

Macquarie rates WGX as Initiation of coverage with Outperform (1) - Macquarie believes the current discount to peers stems from the mixed history of the company's asset base as well as FY19 results missing guidance. However, as the business simplifies the broker believes consistent delivery will be a positive catalyst.
Macquarie initiates coverage of Westgold Resources with an Outperform rating and $3.50 target. The company operates the Fortnum, Meekatharra and Cue gold assets in the Murchison district of WA.
Target price is $3.50 Current Price is $2.41 Difference: $1.09 If WGX meets the Macquarie target it will return approximately 45% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY20:
Macquarie forecasts a full year FY20 dividend of 0.00 cents and EPS of 25.40 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.49. Forecast for FY21:
Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of 32.90 cents .At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.33.

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No luck needed here rocket973, just Big Bell living up to its name and expectations .

When it does, 330,000 ounces a year (Total of all three) and put $5.00 beside WestGolds name!

Hence why I cashed up RMS with a 200% gain, to throw the toys out of the cot, to sink it into WestGold,

Just like the management did ,Threw "All the toys out of the cot, to focus on three great mining operations, that will last ten years."

"In GOLD we trust"

WGX Price at posting: $2.46 Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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(20min delay)
Last $2.65		Change 0.010(0.38%)		Mkt cap ! $2.500B

Open	High	Low	Value	Volume
$2.65	$2.73	$2.63	$14.59M	5.474M

Buyers (Bids)

No.	Vol.	Price($)
2	7000	$2.64

Sellers (Offers)

Price($)	Vol.	No.
$2.65	11309	3

View Market Depth

No.	Vol.	Price($)
2	7000	2.640
3	13250	2.630
11	71871	2.620
3	20700	2.610
15	31609	2.600

Price($)	Vol.	No.
2.650	11309	3
2.660	52113	1
2.670	15526	4
2.690	250	1
2.700	24491	3

Last trade - 16.16pm 28/07/2025 (20 minute delay)

WGX (ASX) Chart

$1 billion party, page-21

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$1 billion party, page-21

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