B2Gold barely makes 800k low end of its range, cuts its div in half from US.16 to US.08 (announces buyback plans we'll see) Barrick gets its gold at Mali mine confiscated by govt and they announce it is shutting the mine down..11% of production. So I am happily long an AUS miner WGX w potential AISC US1400 and 1200 margins on 350-400k of gold, w path to 500-600k, added some at US1.58 today. Mining is hard and gold is pricey because it is hard to find, mine and produce profitably in all conditions- market forces/sentiment/govt issues/ labor/materials/equipment/ -- we all know that.. but I like having a US/AUS/CA weighting and to royalty companies as well. Monkey see Monkey do w these countries anymore and their 'taxes' and rules changes. Bea
WGX Price at posting:
$2.60 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)