WGX westgold resources limited.

What's going on?, page-7

  1. 22,857 Posts.
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    Well,
    i finally found the guidance for the rest of the year.
    very unconvincing really. End of the dec qrtly , a couple of lines that say, apart from cue operation management expects to meet or better gudance for rest of the year.
    Guidance will 'probably ' be downgraded for cue this year i believe.
    The thing that still worries me is the $ 18million cash burn in the dec qrt even though they poured 62,000+ ounces. ASIC looked ok but there was lots of extra start up / capex costs. Wonder how those costs are this qrt?
    you would think that eventually if they keep pouring as much gold as they are doing , the cash balance might grow.
    Last edited by albatrosss: 05/02/20
 
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