Believe that the December quarterly result will be a very nice one. The gold price in $A has held well right through the quarter, debt is gone, cash holdings are growing fast and the margin is likely improving further. The stock of GCY is now selling for much less than the offer and if they want that plant now being used to process what are pretty low grade input they can buy up a 20% holding for much less. It is close the Great Fingal and Golden Chalice holdings of WGX, which have been excellent mines shut down in WW1 as the miners went off to the front.
The cloud on the show is labour shortage from the still coronaphobic isolationist policies of the WA Labour Govt. Want your economy stuffed up? Who ya gunna call......?
WGX Price at posting:
$1.87 Sentiment: Hold Disclosure: Held
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