I am hoping to at least see it get back to around $2.00, and I...

I am hoping to at least see it get back to around $2.00, and I will reassess what to do next on the basis of their quarterly report and the AUD POG. WGX did several CR in recent years and I hope that those who hung on are finally made good.

At times WGX has traded in the $2.50-$3.00 range, mostly on hopium that Cookie would finally deliver on his promises. I do not know if $3.00 will be seen anytime within the next 12 months, but if they deliver operationally (an unkown) and the POG holds up then $2.50 may be seen within the next 12 months now that WGX is fully unhedged and should be adding to its solid cash balance while also funding its significant capex program. However, I think there is a strong possibility that all goldies will drop later this year/first half of next year in the face of a global recession as equities take a punch in the nose before the US Fed again cuts rates. Europe and China are already in or very near to a recession.

WGX is currently taking away some of the pain from my TIE misadventure, but nothing is guaranteed so perhaps its best to take profits where one can and hold lots of cash for opportunities in a likely downturn.

It seems to me that we can thank the US policy of taking control over Russia's external assets, where they can, that has been the major factor holding up the POG, but if there were another global financial crisis the POG could get crushed as governments and stressed investors sell down their gold holdings to fund their debts.

loki