If I can be succinct, FY24 was not a great year for WGX in terms of mining (mainly because they had to shut down one of the U/G operations, which had been a great performer). With Great Fingall, Fender and Big Bell deeps coming online (or already fully ramped up) in FY25.
WGX is simply going to be so very different.... increasing grade, increasing ounces, energy saving across all 3 operations plus... they just added another 180-200k p.a to their production profile whilst expanding their drill rigs to 15+.
I am holding (and will probably keep holding) for when WGX hits $5.00 and pays out a $0.20 dividend (yes.... 10x FY24...).
In the end, the market unlikely to care about FY24, because... WGX ploughed in almost $160m in non-sustaining capex to build out their assets, Karora has been spending big to do the same... the next 6 months should see all that sunken capex start to pay divdends.. so to speak.
Arg... what a tease. No guidance for FY25 yet (the implication in the analysis is that will come next month)? Though the implication is 400k+.......
I guess WB can sum it up better than me
Cannot wait to see what all WGXs rigs find in the next 12 months... WGX is not just a producer..
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Last
$2.92 |
Change
-0.010(0.34%) |
Mkt cap ! $2.753B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.07 | $2.92 | $10.56M | 3.567M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 48144 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 88107 | 4 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |