Agree Champee.
WGX has never looked more like a profitable mining company than right now.
Most of that is due to management and the huge pool of talent WGX has working for it.
I think some might still be underestimating just how important WGX being unhedged is at this moment in time.
The huge rise is costs has been muted in the near term, WGX is heavily investing in growth and it's U/G operations and... some of it's neighbors (exploration companies with minable deposits) are trading at all times lows because they continue to struggle raise capital (or... they just keep diluting themselves into oblivion).
The operational update on the 14th of March clearly explains that this will be the worst quarter for FY24. Just how it is with multiple issues arising from the raise (though at least it did not cause them to have to literally stop mining all together like some operators in W.A). Yet.. the rising POG will buffer much of this disappointment. I am estimating they will produce around 52-55k ounces with the June Q likely closer to 70k (with Great Fingall helping).
Anything higher than that will be a phenomenal result, as they are still forecasting to meet the low end of guidance, which is basically, they need to produce around 122k for the 2nd half of FY24.
This is the chart that matters. Average resalised price will be closer to $3250, or approx $10-12m higher revenue than during Q2FY24. Though there is a little bit of unknown in regards to just when WGX has sold the majority of its sales for the quarter.
WGX has one main issue it needs to solve... the underutilization of the Bluebird mill. It needs oxide to ramp up the throughput... I believe they already have a solution and will make their move soon.
- Forums
- ASX - By Stock
- WGX
- Ann: Corporate Presentation - Swiss Mining Institute
Ann: Corporate Presentation - Swiss Mining Institute, page-8
-
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.71 |
Change
0.040(1.50%) |
Mkt cap ! $2.555B |
Open | High | Low | Value | Volume |
$2.77 | $2.79 | $2.71 | $10.51M | 3.857M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45741 | $2.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.72 | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45741 | 2.710 |
9 | 51285 | 2.700 |
4 | 188310 | 2.690 |
3 | 25963 | 2.680 |
3 | 21320 | 2.670 |
Price($) | Vol. | No. |
---|---|---|
2.720 | 15000 | 1 |
2.730 | 31084 | 6 |
2.740 | 44600 | 7 |
2.750 | 33590 | 2 |
2.770 | 31907 | 2 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
Featured News
WGX (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online