One would think the pressure being applied to the sp the CR was coming up, not behind us at $2.10 ... apart from the wider markets and easing of the gold price ( which is still historically high ) it seems oversold to me given the recent consistent production. They do seem to be weathering the Covid situation reasonably well.
I just listened to the qtrly presentation, it’s interesting that Wayne seems to co manage everything with Debbie, although a director it does seem a little undermining of her position ... in saying that there presentation is professional, almost too serious which seems worlds away from my view of Peter Cooks general demeanour. Maybe they are transitioning to a more focused company. The short term test is not backing away from the yearly guidance as has been the case over some years ... they will need a record qtr to achieve that thou.
The cash, mining assets and the array of equipment they operate holds considerable value as @Joelstar pointed out ... there seems to be some cost reductions from finalising the open pit mining, some longer term strategy around power inputs costs etc. and some grade improvements flowing thru.
To me there’s value at $1.50.
WGX Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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