WGX westgold resources limited.

1.35%

$2.93

The world average AISC is a bit over A$1,400 according to the...

First 13 Last

Share
Profile

Follow
hightrax

4,090 Posts.

369

22/07/20

11:35

Post #: 46026111
Share

Originally posted by loki01: ↑

TT

I agree that WGX is a laggard, and IMO will remain a laggard until they get a vastly improved management team. I have traded MLX/WGX several times since around 2015 and that has been the only way to make money and stay sane during a lot of share price gyrations - so far I have done OK, but I certainly would not trust them.

My portfolio is filled with laggards (or recovering laggards) and WGX is a significant but much smaller holding compared with SBM, PRU, RSG, KCN. I am not relying on WGX to provide multiples returns, although I think its share price could double under better management if targets were met. For quick returns one needs to look at the explorers (or small developers?), but that is pretty risky so I only buy small lottery tickets in them. I am willing to hold onto WGX for the time being since most other goldies are pretty expensive, except for those with a special story (eg PRU's completion of its Yaoure project) and I have other shares that are doing OK and spare cash if I am interested in owning other shares.

At some point I will sell out of WGX again, hopefully well after they have undertaken the operational improvements and the AUD POG is even higher. If I were to see the AUD POG tanking then I would be out, since its clearly a high cost operator.

loki

Expand

The world average AISC is a bit over A$1,400 according to the World Gold Council. Given that Australia does not have the cheap labour many countries do, that's not too bad.

WGX Price at posting: $2.46 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

PIQ

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

First 13 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.93		Change -0.040(1.35%)		Mkt cap ! $2.763B

Open	High	Low	Value	Volume
$2.94	$2.98	$2.93	$33.24M	11.34M

Buyers (Bids)

No.	Vol.	Price($)
7	663107	$2.93

Sellers (Offers)

Price($)	Vol.	No.
$2.94	369285	3

View Market Depth

No.	Vol.	Price($)
2	14678	2.930
2	1506	2.920
3	8051	2.910
4	24288	2.900
3	1846	2.890

Price($)	Vol.	No.
2.960	10000	1
2.980	9899	2
3.020	970	1
3.030	3332	1
3.040	3312	1

Last trade - 16.10pm 20/06/2025 (20 minute delay)

WGX (ASX) Chart

The world average AISC is a bit over A$1,400 according to the...

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The world average AISC is a bit over A$1,400 according to the...

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Proteomics notches up as company launches PromarkerD into the US

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News