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.
I had to jump back in today, whilst $130m growth capital in FY24...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.98 |
Change
-0.070(2.30%) |
Mkt cap ! $2.810B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $2.95 | $10.53M | 3.517M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 57030 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 20657 | 3 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |