Yes I did the same Albatrosss . I sold half. Smoke and mirrors with drilling down to China and not finding much. They hyped that up just before the quarterly. I wonder how much that exercise costed. That money should have been used to ramp the mine up faster.
Now this quarter is going to be average, because Big Bell not expected to ramp up until April! If you can believe them. Plus a huge cash burn getting there. Management are pretty coy on information, so much for having a mining contracting company and all this so called expertise.
Something is not performing! ( Then again its the middle of summer and I would not want to be there right now)
P.S - The last quarter was below par as well.
WGX Price at posting:
$2.26 Sentiment: Sell Disclosure: Held
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