I said there were fundies buying up while the mini-panic was on.
Ruffer announces its increased stake this morning and the share price goes up by as much as 6.5% within half an hour of the open, now down to "only" a 4.5% lift in the share price to $1.615. I dunno if the $1.60 level will hold today, but, I am pretty confident we will not be seeing $1.50 for a while, if ever.
I expect the main jump in the share price will happen after a much improved quarterly report is released in July 2018, and a run to $2.00 at least in the second half of 2018. Back over $2.50 if they meet their main longer term targets sometime in 2019. All subject to the AUD POG not tanking.
loki (2019 - the year WGX's share price goes ballistic on the back of high grade drill results, perhaps.)
WGX Price at posting:
$1.62 Sentiment: None Disclosure: Held
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