Must admit I did add a few more shares just before. Trying to be patient and just see how low the stock can be pushed, whilst also feeling that any sort of update showing that further progress is being made with cost control could easily change sentiment. Hopefully this from the quarterly proves accurate.
They will already be selling approx 9k less into the hedge this quarter which should further help with the average price being received. Perhaps only 55k left to get through. If WGX gets just 2650 per ounce for its unhedged this quarter, and produce 65,000 ounces, they should see an average received price of $2565 AUD. Which is basically $100 more per ounce than the Dec Q, which... all things being equal, see them earn an extra $6.5m.
Not sure I can increase my holdings much more though... sort of hitting my limit for better or worse!
WGX Price at posting:
92.3¢ Sentiment: Hold Disclosure: Held
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