Cheers LOMP. Good little session, though of course Wayne got off pretty lightly compared to say a CRUX interview, though.... after the CRUX interviews of CAI again and again, which did nothing to see through the issues they would face, I am enjoying the Money of Mine format, even if its a bit too short (I mean in the full shows, not the interview with WB, that would have been intentionally short).
Good to hear that FY2024 will likely see reduced capex compared to earlier years. I also dislike the idea of paying out dividends in the short term. WGX has too many options internally and externally to be thinking of just handing back a few million for the sake of it. I would prefer more investment now, for much bigger dividends later on. WGX has options to expand production and acquire small cap explorers with stranded assets because they have 3 mills covering hundreds of kilometers and very little competition.
WB was wise to answer carefully in regards to regional consolidation. Though he does not actually rule anything out.
Above all, the last 2 minutes were a key pillar of WBs. Accountability, news to the market, good or bad. Exactly how a company should be run.
WGX Price at posting:
$1.49 Sentiment: Hold Disclosure: Held
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(20min delay)