When BB gets fully up and running, other things being equal, WGX will be approximately on the bottom rungs of the ASX top 200, turnover wise. No doubt a few vacancies will be created as the effects of this global situation. .
Once in that group, a whole bunch of new bigger eyes will look at it, and the index funds will naturally buy in. They are pretty large, or have been.
With minimal debt that will increase the attractiveness, and it like all miners, will be a very substantial beneficiary of the current oil price war.
On the flip side, CV19 could rear its ugly head and cause shutdowns for limited periods. A stockpile of good ore for such eventualities would be good, but not sure that has been in the possible category just yet. The same problem is impacting everybody in the market though, and plant shutdowns in many minerals would tend to be a factor to push spot market prices for most metals and minerals higher.
This is dull stuff I know, but WGX is now approaching the point where it is no longer in the construction phase and again O.T.B.E. , and this is generally accompanied by the largest climb in share price in the mine cycle. Its a well known pattern watched by the big investors. They are less risk tolerant than us little punters.
WGX Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
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