WGX 2.63% $2.73 westgold resources limited.

Very nice clear presentation to be delivered by WB.Glad to see...

  1. 11,852 Posts.
    lightbulb Created with Sketch. 6485
    Very nice clear presentation to be delivered by WB.

    Glad to see the cash position is as expected, $165m liquidity (basically $65m cash as of June 30). Cannot help... but wonder what sort of cash flow they might have generated in July....)

    WGX is now a 100% growth story... as I have already posted, huge.... capex been sunk and being sunk right now to enhance the current U/G mines.
    Both Beta and Bluebird U/G. Huge upside.

    https://hotcopper.com.au/data/attachments/6359/6359917-47d9a6441293e39088fc41c3390d415c.jpg
    https://hotcopper.com.au/data/attachments/6359/6359922-706b4080624cd88e2df7bfb0148a1a17.jpg

    Plus... already the first hint that Beta's 2mtpa goal, is.. more like a stepping stone. Any Karora shareholders know if past management have hinted at a larger goal than 2mtpa (I mean, 2mtpa is huge as it is). The word 'substantially' implies at least a 25% increase... 2.5mtpa+. That is a monster U/G operation. Let alone as above, so many opportunities to expand/enhance and restart operations.

    https://hotcopper.com.au/data/attachments/6359/6359924-302b79639cab1dd72ff1de2b15985207.jpg

    I wonder if this is a 'soft' production guidance hint... for FY25? 405k.... implies guidance will sit around 385k-425k?
    I also hope that within 2 years, WGX will be above Regis and RED.... 3rd place is a mighty achievement considering where the past MD left the company.
    Well done to WB and the whole team.

    https://hotcopper.com.au/data/attachments/6359/6359927-c42710490004c219592f38ed7b51e542.jpg

 
watchlist Created with Sketch. Add WGX (ASX) to my watchlist
(20min delay)
Last
$2.73
Change
0.070(2.63%)
Mkt cap ! $2.574B
Open High Low Value Volume
$2.68 $2.73 $2.59 $19.29M 7.192M

Buyers (Bids)

No. Vol. Price($)
1 6137 $2.71
 

Sellers (Offers)

Price($) Vol. No.
$2.73 100440 2
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
WGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.