Hey Joel, they drew it down back in Nov, which I assume... was before they were more confident about their liquidity, as in... perhaps cash moved below $100m, though at a guess, the trend changed, particularly with the large increase in the spot price offering more support, which saw them cash neutral for the quarter.
Yes... being a leveraged play on POG has it's benefits.
As you say, lot's of balls in the air, hence, the recent admission that the Big Bell deeps expansion has been slowed, to focus on Beta Hunt, Great Fingall and Bluebird South Junction (which makes sense, as Tuckabianna has almost limitless stockpiles, Bluebird does not.
Nice move in POG overnight it has to be said.
WGX Price at posting:
$2.93 Sentiment: Hold Disclosure: Held
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