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.
WGX Price at posting:
$2.18 Sentiment: Buy Disclosure: Held
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