Cheers for the reply Wassa, and yep, I am quite surprised by your entry, but... perhaps that is also a sign that there are not a huge amount of options available to investors? Particularly in regards to the mid tier space?
Without a doubt, hand to mouth sums up their current situation, which is a shame, considering they are in a major growth phase, so having redundancy built in is a must (sure, they have enough stockpiles in the near term, but I continue to concerned with the Bluebird mill underutilization, especially with Paddy's flats 25k p.a taken out).
The delay at Great Fingall is a major blow to confidence, in that WB has been pretty clear about the potential upside. I get the impression that it's not just Great Fingall, but also the Big Bell Deeps and the expansion at Bluebird U/G. Perhaps just too much all at the same time.
As above, I really expect a lot more clarity about how this will flow through to guidance, capex etc.
You are so right about not having all your eggs in one basket. PNR almost balanced out the fall in WGX today. I am honestly finding it very hard to find the sort of deep value that was available across the whole sector even just 3-4 months ago, let alone 1-3 years ago. Trying hard to... do not much at all and just let my winners run.
In saying that, the explorers are becoming my new focus as the producers continue to outperform the small cap explorers and will have to look at near term ways to bolster their production (other than internal avenues).
Hopefully within your 6+ month time frame, WGX will have bedded down the issues which seem to have arisen. Welcome aboard
WGX Price at posting:
$2.36 Sentiment: Hold Disclosure: Held
(20min delay)