Agree with your thoughts K. Though interesting to note that Paddy somewhat underperformed, counterbalanced by Starlight. Clearly they had been expecting to achieve over 60k for the quarter, so Paddy threw a spanner in the works (I am confident the quarterly will explain what happened and what is to be done). Throw in a revived COVID (just look at GORs announcement yesterday, which hinted at COVID, clearly it's causing challenges throughout the whole industry in W.A). Great to see the cash build by $21m even after both Great Fingal and Big Bell Deeps got the go ahead. Not much to be done about the smash in the POG. Though AUD POG is still above $3030, which is around the average price received for last quarter.
I continue to see WGX as being undervalued, yet... performing above it's peers in terms of production and cash generation. Which hopefully will show in the share price retreating less than the rest of the sector.
WGX Price at posting:
$2.08 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)