I commented the other day that there were some nice drill results. I suppose they do not have much impact on the share price of a near 300k ounce gold producer that is struggling somewhat to get its costs down and bleeding money. However, these results would get the share price of a minnow explorer running.
Looks like I was right that there are fundies buying in, thereby supporting the share price from falling under $1.40.
Last week I bought back the half holding I sold earlier and added a few more. My concern is that the share price will take off without me being fully invested given my expectations about the AUD POG and the likely operational improvements. The better mid cap goldies are roaring again today, and even the near doggy (or what was recently classed as near doggy) producers are moving a bit.
loki
WGX Price at posting:
$1.48 Sentiment: None Disclosure: Held
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