Agree about trending. WGX is a big ship and it will take time to change its course from unloved to... a performer. Reassuring to note that the market cap is still peanuts compared to the likes of CMM. E/V is just 1/4 of theirs, yet... WGX produces over double the gold. They key of course... is to have a margin that is even just 50% of CMM, would still see it generate almost as much free cashflow. Then... whoa. The market might really re-rate WGX. Though.... this will take a lot of hard work to achieve.
Will the Dec Q be the one to really prove that the ship is turning, or.. will it be the March Q? That is the big question for me I guess. I think March Q will be better than Dec, but... we will finally see WGX generate free cashflow. Has been dangerous to predict such an outcome for WGX over many years though....
WGX Price at posting:
$1.25 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)