Hi Spec,
You should remember that it is Westgold who keep stating the nameplate capacity yet clearly know as well as you that the mills are not fit for purpose ie not designed for the material they are processing, yet they still push the nameplate capacity in presentations …
Do you feel I am being somewhat misleading by not mentioning the reasons and then critiquing the performance wrongly … whilst you believe ”I continue to view WGX as being honest and upfront with the market”
I come from an operational background so production is what I base performance on, nothing else. So far there has only been a production decline in the Murchison … the gold price rise and hedge run off is what has kept WGX financially sustainable. Promisingly, WGX may see some production performance improvement soon.
Although, I still maintain it is a poor short term investment, nearly every dollar is accounted for in an expansionary phase that will continue well beyond the next 12 months or further with ( if ) a mill expansion at Fortnum is pursued … meanwhile the sp has done nothing for 2 months. You would of been much better off investing more in Alkane at the time.
Hope you still get to RRS … there’s no Westgold presentation so we will get along fine lol.
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Hi Spec,You should remember that it is Westgold who keep stating...
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Last
$2.97 |
Change
-0.010(0.34%) |
Mkt cap ! $2.801B |
Open | High | Low | Value | Volume |
$3.01 | $3.01 | $2.92 | $10.06M | 3.391M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 90453 | $2.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.97 | 33166 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 90453 | 2.940 |
5 | 57835 | 2.930 |
7 | 58181 | 2.920 |
5 | 59938 | 2.910 |
6 | 32988 | 2.900 |
Price($) | Vol. | No. |
---|---|---|
2.970 | 33166 | 5 |
2.980 | 131988 | 9 |
2.990 | 28757 | 2 |
3.000 | 50974 | 3 |
3.010 | 19414 | 1 |
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