WGX westgold resources limited.

Ann: Management's Discussion and Analysis Q3 FY2025, page-4

  1. 12,529 Posts.
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    Cheers for the kind words Sherlock, though don't discount your own analysis and thoughts which I continue to appreciate.

    I have no doubt WGX ever growing workforce.. (a cost keep rising for a reason), are doing eeverything they can 'right the ship', but it just takes so long, especially when some of the challenges are almost totally unforeseen (though some perhaps should have - easy for me to say of course, but... some of the issues are at WGX older assets... which should be understood).

    WGX should... have lots of torque, but for now, it doing it's best to tread water. The challenge for me is trying to find a point where the downside risk for WGX become low enough to justify risking capital on it, when... other stocks may be trading at a much higher premium, but, they will be run so much more reliably.

    It will be interesting to see what happens with POG in the near term... a large retrace, will easily push WGX towards $2.00... then the value proposition becomes enticing, albeit, not long ago, WGX had professed to be near the end of it's heavy capex phase, but...... it wants to upgrade 3 of its 4 plants!
    Almost like groundhog day.

    WGX will likely build some cash this quarter, but...will it be enough to impress the market, I just don't know.

    Good luck with your investments too Sherlock. Was a rather ugly day for my portfolio (like many who invest in this sector), yet... on balance, it does not phase me, because I had spent a lot of time trying to ensure the stocks I hold, can and will be able to profit irrespective of the moves in POG (not all are producers eithers, as you probably know).
 
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