This is the worst Gold mining company in ASX. Far worse than...

This is the worst Gold mining company in ASX.

Far worse than poor dog BDR.
Yet it doesn't get that kind of treatment.
In fact for some reason it gets VIP treatement.

WGX has burned more money than worst of the worst gold company in ASX.
Maybe PRU comes close and RSG will be the next one to burn cash.
This company will never ever make any money.

After that 56 million is gone, I suspect a Capital Raise will come in the next 6-9 months........this Cap Raise will be well below $1.
WGX made more money from their shares in NST than their entire gold production.
Unbelievable.....

What will they sell next ??????

However it is a great trading stock.
The swings are fantastic.
Love it.

I won't be trading this now.
Wait for this quarterly report to filter through all the players.

All those traders/investors watching GAPS on chart.....Don't worry .......
This will fill all the GAPS known and unknown..... on the downside.

There is very little retail involvement in this stock. The institution's were sucked in the belief of a major Gold bull run and the promises made by the company. None has come to fruition and may not come to as far as this company making profits in the future.
The institution will need the little guys to offload. So at times the price is supported by the institution.
Very few little guy is buying this stock. They won't until Cookie shows any profit.
Institution will have no choice but to dump.

The whole idea of spinning out of MLX was to suck the retail people.
Not happening.

I expressed my opinion many many months ago. Nothing has changed.

Careful.