There was no tail spin at the end of the quarter from Paddy's flat. They knew in early December that costs had blown out as shown by the second and third last bars in the graph below with ASIC of $2,309 and $2,209. If the high grades lodes and higher production from Starlight were marked as a material announcement in early December then so was the blow out in costs from Paddy's flat which offset the increased production from Starlight. This type of conduct is what has put a dampener on the share price and if they withhold that sort of information from the market again they will be hearing from ASIC.
I'm all for regular reporting but it needs to be completely honest. After putting up with Luke Tonkin's withholding of information (closure of cockeyed bob, maxwells and sugar zone with no notice) I'm not going to put up with further failure to disclose bad news until after the event. The early announcement in January blaming it on Covid was just a cop out.
ASIC need to start making CEO's and Boards report honestly.
GLTA/IMHO
WGX Price at posting:
$1.91 Sentiment: Buy Disclosure: Held
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