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$2.35 westgold resources limited.

Ann: Operational Update, page-5

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bizzo

2,872 Posts.

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25/03/22

14:27

Post #: 60425823
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Originally posted by speculator101: ↑

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.

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Hello speculator101
Great analysis I might just add that ACM / Westgold are starting to pay their workers quiet well to attract people .
Unfortunately their reputation does entice the top level guys so you have a lot of average operators trying to reach the high monthly budgets and interesting ground conditions to go along with it .
Good luck guys

WGX Price at posting: $2.00 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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