WGX westgold resources limited.

2.40%

$2.85

The XAU is the same price now as when POG was between $300-$500...

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hopefull4ever

1,290 Posts.

164

07/02/24

09:18

Post #: 72276166
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Originally posted by Kevdd1: ↑

If anyone is listening to me, you are a bloody idiot, I know nothing about finance but I am just thinking aloud.

It seems to me that gold is holding up pretty well, yes it`s taken a bit of a hit today in aud and other currencies but we are still above 3100. So the Gold miners are still making good money so why would you sell them? Central banks are apparently buying loads of gold. Where would I stick my "money" if I liquidated gold and my gold stocks? Stick it in the bank, get 4-5% only to see a banking crisis and bail ins?

I would posit that "they" don`t want you in this space, that`s why the sp is going down because "they" want you to sell and that`s the reason why I am in this space and I won`t sell. I can`t see any alternative and when TSHTF, I think everyone will be trying to buy gold and gold shares but in my view, you will have to pay many multiples of the present price. If I sold and the market turns, it will be very difficult to get back in again because it is such a small market. I bought gold at $500 aud, not too bad and still going up

I am a complete bloody idiot and if I were you, I wouldn`t listen to anything I say because I know nothing about finance and I`m always wrong, but look at the share register for WGX, do you think all those big guys that have taken large positions in WGX are there to make money or lose money?

Jesse Livermore

"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!"

"Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money."

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The XAU is the same price now as when POG was between $300-$500 and yet POG is now $2,035. What does that say about sitting on gold stocks. They have their moment in the sun for short periods only and the rest of the time is frustration.

Last edited by hopefull4ever: 07/02/24

WGX Price at posting: $1.98 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $2.85		Change -0.070(2.40%)		Mkt cap ! $2.687B

Open	High	Low	Value	Volume
$2.92	$2.96	$2.85	$17.18M	5.933M

Buyers (Bids)

No.	Vol.	Price($)
1	500	$2.84

Sellers (Offers)

Price($)	Vol.	No.
$2.90	29262	1

View Market Depth

No.	Vol.	Price($)
1	500	2.840
1	4	2.830
3	3231	2.820
6	13529	2.800
2	10000	2.790

Price($)	Vol.	No.
2.900	29262	1
2.910	37185	5
2.920	5296	2
2.930	1208	1
2.950	6117	2

Last trade - 16.13pm 27/06/2025 (20 minute delay)

WGX (ASX) Chart

The XAU is the same price now as when POG was between $300-$500...

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The XAU is the same price now as when POG was between $300-$500...

Top Stories

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

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ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

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NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Boss extends June win streak with boosted Alta Mesa extraction rates

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News