Ann: OAU: Westgold Strategic Alliance and Placement, page-61

It takes time to turn a ship around @wassa and WGX was leaky as hell back when WB was first hired, let alone when he finally took the helm. Your disdain at management is harsh IMHO, as only 2 1/2 years ago, the MD stated quite honestly at a presentation that he had been genuinely worried about WGX future unless change could occur.



WGX has been investing heavily in every arm of the business and.... literally reducing the amount of ounces produced, because... they were not profitable ones. This is starting to pay dividends (literally and figuratively speaking). With Bluebird and Starlight U/G seeing large increases, the next MRE in Sept this year, could push WGX close to 9m ounces even after depletion.



In the end, being profitable is the number 1 goal, but, even that does not change instantly, especially in mining.



This quarter will likely be a struggle, especially with the slightly higher spend on non-sustaining capital at Big Bell Deeps and Great Fingal, but if they have not had any major operational issues, they should still see a Cashbuild, albeit quite small, as the $5m dividend gets deducted. FY25 will hopefully be very different, with Big Bell Deeps, Great Fingall, expansion at BlueBird U/G and Fender hitting it's stride. I wonder how quickly WGX/OAU could get their deposit into production (high grade shallow ounces are worth chasing).



Looking forward to seeing WGX have more success with the drill bit and profitably.