This is why I am holding WGX. Costs are coming down (oil price alone is going to make a big difference in the near term). Plus, the investment in gas power and new equipment, plus, economies of scale in the U/G mines means further enhancements.
VERY VERY happy they did not declare a dividend! Past board/MD might have, but WB is wiser and knows that the cash they have, is from a past raising, you don't do dividends with raised cash! Much wiser to build up WGX current assets, add news ones, build the foundations to enable reliable and consistent positive cashflow, to then justify dividends. It's not rocket science.
The cash position WGX finds itself in does enable them to 'take advantage of emerging opportunities'....
WGX Price at posting:
92.5¢ Sentiment: Hold Disclosure: Held
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