Very quick scan. A few little tweaks to the presentation:
More conservatism, with the output being reduced by 100k p.a. Though pretty sure no previous presentation states production would start during FY24 (perhaps in the FID though).
Dividends are coming, just a matter or when. I think the refreshed WGX board know it's awkward, with the capital raising a few years back, now seemingly not needed, and if WGX truly believes in it's assets and ability to generate free cashflow over the longer term, then... it makes sense, but... it does give a clear 'out', in regards to their cash balance reducing below $100m. Perhaps in the case of a major acquisition.
Looking forward to the resource/reserves update in Oct.
WGX Price at posting:
$1.47 Sentiment: Hold Disclosure: Held
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