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11.0¢ gwr group limited

Ann: IPO Prospectus for Western Gold Resources Lodged, page-45

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Jetballs

2,099 Posts.

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26/05/21

11:12

Post #: 53422282
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Originally posted by stevenjd: ↑

No, its really just a few years imo that it will be 100/t plus, until Brazil recovers.
It will take longer than that for extra supply to come out of africa. Lots of rail to build etc.

This is about making hay while the sun shines. If we get even two years of gravy, what do we do with 100 plus M of cash. (which is why they want to expand stage 2, and get more than 1mt pa. => more $$$)

Now if you looked ahead into a lower priced iron ore, at that point, we would want to spend that cash on something with lower opex, closer to port. Its all about using our cash to transition to a sustainable lower priced environment.

But, having been in the box seat, to reap this cash window while it is open, is leagues ahead of all those others.
And it gives us choices, we could invest into anything at that point.

If you're still drilling for it at this point, you are in the dreamers camp.
But If you're are sticking it on a boat, and shipping it, you are in the winners camp.

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Your glass half full seems to be reflective of averaging up in the 40s

GWR Price at posting: 24.5¢ Sentiment: None Disclosure: Held
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Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $35.33M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	75098	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	457351	2

View Market Depth

No.	Vol.	Price($)
1	75098	0.105
1	100000	0.100
3	104550	0.099
1	25001	0.094
1	100000	0.093

Price($)	Vol.	No.
0.110	457351	2
0.115	247173	4
0.120	187756	6
0.125	70000	1
0.130	100000	2

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