I think that is fair East. WMC (not a top crew either), has basically said they are running at 70% efficiency. Which seems to be worse than WGX, but.. still understaffed. That being said, I think the better the company, the less they are affected by the Covid related issues (staffing). Though all the quarterlies are going to be very interesting to read.
I do tip my hat to SLR. They have proven incredibly prescient in their choice to slow down mining and just use up their large stockpiles.... their share price has been very impressive.
I think the recent capital raising, was.... whilst touted as for asset aquisition and drilling... it was really about strengthening the balance sheet. I fear we will see a fairly sub par quarterly, and lots of cash burn (again.....).
I keep wondering if WGX would even be a targe itself, but.... maybe its assets are just too sub par.
WGX Price at posting:
$2.05 Sentiment: Hold Disclosure: Held
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)