Hi Ben, I would be very disappointed if WGX used their current cash pile for a buy back. WGX has a plethora of options available to invest that very important capital, either more U/G operations to enable it to have more ore (U/G) than it can process, buy up assets like GCY, or MGV, or... even AME (though I just feel that has a long way to go before it gets close to being a mine). It can also further upgrade its plants or even.... much longer term, once the new MD rights the ship, look at assets like the Kirkalocka Gold project (just as an example, as I believe its in Admin). They could even just focus on more exploration, though... WGX does actually have a very large MRE ready to see more infil/extension drilling. Which perhaps.... is why I continue to wonder why they went after the investment in AME.... get the 3 plants humming and making money, then.... go after external growth assets.
Anyway, just some musings on my part.
WGX Price at posting:
93.5¢ Sentiment: Hold Disclosure: Held
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