Ann: Corporate Presentation - Swiss Mining Institute, page-7

First 7 Last

Share
Profile

Follow
Champee

8,439 Posts.

455

29/03/24

07:39

Post #: 73114971
Share

Originally posted by speculator101: ↑

What a time for a mid tier producer to be heavily investing in it's internal growth projects, whilst also being fully unhedged and selling into record high spot prices. Whilst this won't be a particularly impressive quarter due to the rain events and issues with the plants, the spot price is basically going to save the day. The June Q is hopefully where things are going to get exciting with early ore from Great Fingall and WGX focus on increasing ounces from all of their U/G projects in the near term.

Hopefully WGX will also start providing some colour on their exploration programs (just a matter of whether they want to update the market before the quarterly).

I still think WGX should also not be resting on it's laurels in regards to corporate action. The exploration end of the sector is still massively undervalued and as such... the large amount of capital they have available should be being used to it's fullest capacity. WGX should even be looking at acquisitions that might reduce their future tax payments (as they are running out of capitalized losses).

I believe WGX is just a few cents off its all time highs.... then Blue Sky for this resurrect phoenix!

Expand

Very good planning to go unhedged in the current climate, we will see massive $$$ arriving into the WGX balance sheet.
Good decision smart thinking, well done to Wayne's team.
UNHEDGED ........

Champee

Last edited by Champee: 29/03/24

WGX Price at posting: $2.62 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: After worst day in 3 months, bourse could only really bounce back | July 22

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 7 Last

Add to My Watchlist

What is My Watchlist?

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)
Last $2.73		Change -0.040(1.44%)		Mkt cap ! $2.575B

Open	High	Low	Value	Volume
$2.75	$2.76	$2.70	$6.159M	2.260M

Buyers (Bids)

No.	Vol.	Price($)
5	12433	$2.72

Sellers (Offers)

Price($)	Vol.	No.
$2.74	15500	4

View Market Depth

No.	Vol.	Price($)
5	12433	2.720
1	13216	2.710
16	102960	2.700
7	55655	2.690
4	11172	2.680

Price($)	Vol.	No.
2.740	15500	4
2.750	5414	2
2.770	3721	2
2.780	6052	4
2.790	10800	2

Last trade - 16.19pm 21/07/2025 (20 minute delay)

WGX (ASX) Chart

Ann: Corporate Presentation - Swiss Mining Institute, page-7

ASX Market Open: After worst day in 3 months, bourse could only really bounce back | July 22

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Corporate Presentation - Swiss Mining Institute, page-7

Top Stories

ASX Market Open: After worst day in 3 months, bourse could only really bounce back | July 22

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News