Maybe they should concentrate on the present rather than attempt to get the market to believe in another optimistic plan out to 2030 … because quite frankly they struggled last year needing to re-state guidance and they appear to be going down the same path this year so far.
My personal short term assessment is they will continue to spend every dollar plus some more certainly for another 3 months and potentially 6 months at Karora … I hope it doesn’t turn into another Murchison money sink.
Since Wayne has been MD ( around 2 1/2 years ) they must have spent circa $150m on growth capital and even more $ on PP&E to achieve a drop in production from 65 - 70,000 ounces qtr to 50,000 ounces / qtr. So far not a lot of value for money.
In saying all this I do believe there is better times ahead for WGX … but like the majority of mining projects, it always come with an extended timeframe and at a much larger cost … I do believe a major flaw in investor thinking is failing to recognise this.
I patiently continue to watch.
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WGX
westgold resources limited.
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$2.64

Maybe they should concentrate on the present rather than attempt...
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Last
$2.64 |
Change
-0.090(3.30%) |
Mkt cap ! $2.490B |
Open | High | Low | Value | Volume |
$2.73 | $2.75 | $2.63 | $18.57M | 6.972M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 62497 | $2.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.66 | 31612 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13000 | 2.630 |
6 | 6553 | 2.620 |
1 | 18000 | 2.610 |
14 | 36371 | 2.600 |
3 | 16652 | 2.590 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 15000 | 1 |
2.700 | 1000 | 1 |
2.720 | 3500 | 1 |
2.760 | 3000 | 1 |
2.770 | 24080 | 3 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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WGX (ASX) Chart |
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