I had to jump back in today, whilst $130m growth capital in FY24 is high it may well be a strategic shift from inorganic acquisition growth to organic growth via substantial investment in existing assets as their past acquisition attempts have been unsucessful.
With gold over $3,000oz and ASIC around $1,900 the margin is just too attractive to not be a part of it.
Assuming AUD gold holding around this $3,000 mark we could be looking at FY24 free cash flow of $280m plus the $190m currently held in the kitty. With this much cash flow potential there is still plenty left after $130m growth capital and $25m exploration.
I can't find anything else at the moment with this much cash and cash flow potential with a market cap of only $750m (EV $550m).
WGX is so attractive at the moment I wouldn't be surprised if RMS have a look after they finish with the MGV acquisition.
Ann: Presentation - Australian Gold Conference, page-3
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Last
$2.72 |
Change
-0.050(1.81%) |
Mkt cap ! $2.574B | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.76 | $2.71 | $989.5K | 361.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 20 | 46237 | $2.72 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 29548 | 23 |
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| Last trade - 10.54am 21/07/2025 (20 minute delay) ? |
| WGX (ASX) Chart |