That is by far the worst presentation in 2020 I have read. The tin roof background actually hurt my eyes! That aside, the presentation contains no real news at all. Obviously, nothing about Big Bell. Which is what I and most likely most others want to know about. I note, that they state $100m+ in cash(and investments).... hmmm... They had $66m in cash/investments at March 30.
Quite literally, nothing has changed! So in April and May, they made ZERO... In fact, I think they may be bleeding cash.
(As the cap raising gave them $45m. MGV shares have gone up in valued (by approx $14m). So $66m, + $45m + 14m = $125m.
No profit being generated by their operations. How is that possible????
The presentation, says, their big capex spend is over right?. Anyway, just when I think that maybe... WGX is almost worth a punt, they continue to dissuade me with their terrible communications.
WGX Price at posting:
$2.07 Sentiment: None Disclosure: Not Held
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(20min delay)