I guess P.Cook was very 'wise' to have sold out just before the capital raising. Agree, the E/V is low, but... I am guessing the selling is going to continue until WGX can somehow finally prove to the market that they have indeed changed their spots...
Far as I can tell, the sector is seeing broad losses. Not many escaping this sell off. I only have a small amount of capital left and its hard to choose what to buy! Plus... will the current sell off end soon? Who knows of course.
What I am sure of is, in any sector can buck the trend, it is the precious metals sector. Cleanest balance sheets on the planet (well... even the ones that just raise more and more capital instead of making profits!) ha.
WGX Price at posting:
$1.47 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)