WGX westgold resources limited.

1.01%

$2.95

Very good planning to go unhedged in the current climate, we...

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Champee

8,390 Posts.

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29/03/24

07:39

Post #: 73114971
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Originally posted by speculator101: ↑

What a time for a mid tier producer to be heavily investing in it's internal growth projects, whilst also being fully unhedged and selling into record high spot prices. Whilst this won't be a particularly impressive quarter due to the rain events and issues with the plants, the spot price is basically going to save the day. The June Q is hopefully where things are going to get exciting with early ore from Great Fingall and WGX focus on increasing ounces from all of their U/G projects in the near term.

Hopefully WGX will also start providing some colour on their exploration programs (just a matter of whether they want to update the market before the quarterly).

I still think WGX should also not be resting on it's laurels in regards to corporate action. The exploration end of the sector is still massively undervalued and as such... the large amount of capital they have available should be being used to it's fullest capacity. WGX should even be looking at acquisitions that might reduce their future tax payments (as they are running out of capitalized losses).

I believe WGX is just a few cents off its all time highs.... then Blue Sky for this resurrect phoenix!

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Very good planning to go unhedged in the current climate, we will see massive $$$ arriving into the WGX balance sheet.
Good decision smart thinking, well done to Wayne's team.
UNHEDGED ........

Champee

Last edited by Champee: 29/03/24

WGX Price at posting: $2.62 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.95		Change -0.030(1.01%)		Mkt cap ! $2.758B

Open	High	Low	Value	Volume
$3.01	$3.01	$2.92	$5.385M	1.809M

Buyers (Bids)

No.	Vol.	Price($)
41	38297	$2.94

Sellers (Offers)

Price($)	Vol.	No.
$2.95	32619	41

View Market Depth

No.	Vol.	Price($)
40	37930	2.940
28	93949	2.930
19	107795	2.920
17	249354	2.910
15	69803	2.900

Price($)	Vol.	No.
2.950	31153	36
2.960	48984	27
2.970	111660	20
2.980	93400	15
2.990	205419	15

Last trade - 13.45pm 19/06/2025 (20 minute delay)

WGX (ASX) Chart

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