Disappointing. After hitting a rich pocket 2 qtrs ago, they did say that production will fall. I expected to with 62/64k ozs.
Part of reason given was Covid. Well covid is here to stay as with the flu and any other ailments. Adjust guidance beforehand, not try to be excused afterwards. Reading latest reports guidance maintained, then later production guidance maintained but no mention of AISC guidance.
Now the part that irks me. As someone mentioned above, without staff, a mine is just a hole in the ground. Yes, BUT : whilst head office helps to keep a mine working orderly, a mine can still function, albeit less orderly, without one. Look at all the ones in Africa, Sth America etc. So looks like the miners got a 3% annual pay rise. Do NOT begrudge that. But an extra $7m non cash was attributed to AISC. That's about $100/oz. It is also due to maintain employee. WHICH? Noticed performance rights grew from 3m to 9m this qtr. Is this where the $7m went?
Interested to know if WGX are able to take advantage of miners becoming unemployed in WA with all the nickel and Lithium plant shut downs.
Disappointing. After hitting a rich pocket 2 qtrs ago, they did...
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Last
$2.20 |
Change
0.040(1.85%) |
Mkt cap ! $1.041B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.18 | $8.190M | 3.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2777 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 102749 | 107 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$2.19 |
Change
0.040 ( 1.77 %) |
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| Open | High | Low | Volume | ||
| $2.21 | $2.23 | $2.18 | 1267985 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| WGX (ASX) Chart |