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...
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Last
$2.97 |
Change
0.045(1.54%) |
Mkt cap ! $2.796B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $2.98 | $2.87 | $9.748M | 3.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 20356 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 87050 | 51 |
View Market Depth
| Last trade - 14.58pm 24/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |