I think you're better off positioning yourself before news happens. In the short term the following has or is happening:
* Average hedged price received increased to $2k
* Debt free in 2 months
* Big Bell first mass blasting
* Far reduced capital developments going forward
* AISC trending down
* Production going up
* Likely progress on a few smaller developments
* Likely positive exploration results
* Increasing cash balance that will increase month on month
* Far reduced oil price likely to be coming in soon and
* Like most producers every month gone is a month of poor hedging eliminated
I think this current month RMS will be hitting their straps (comparable producer). I think the following quarter is where WGX will shine as Big Bell production goes up, AISC goes down and capital development costs reduce.
Ann: Business Update - Westgold Operations, page-44
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$2.88 |
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Mkt cap ! $2.716B | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9270 | $2.88 |
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| Price($) | Vol. | No. |
|---|---|---|
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