I had to jump back in today, whilst $130m growth capital in FY24 is high it may well be a strategic shift from inorganic acquisition growth to organic growth via substantial investment in existing assets as their past acquisition attempts have been unsucessful.
With gold over $3,000oz and ASIC around $1,900 the margin is just too attractive to not be a part of it.
Assuming AUD gold holding around this $3,000 mark we could be looking at FY24 free cash flow of $280m plus the $190m currently held in the kitty. With this much cash flow potential there is still plenty left after $130m growth capital and $25m exploration.
I can't find anything else at the moment with this much cash and cash flow potential with a market cap of only $750m (EV $550m).
WGX is so attractive at the moment I wouldn't be surprised if RMS have a look after they finish with the MGV acquisition.
Ann: Presentation - Australian Gold Conference, page-3
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Last
$2.79 |
Change
0.040(1.45%) |
Mkt cap ! $2.640B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.85 | $2.78 | $4.422M | 1.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 48097 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 35506 | 41 |
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| Last trade - 12.57pm 14/07/2025 (20 minute delay) ? |
| WGX (ASX) Chart |