So the first question that comes to mind, is how much of the 'cash and bullion', is actually cash??
Another terrible quarter and their 3rd mine is basically a fail. With a decision about it this quarter.... ie.... to close the thing!
Its unbelievable, after years of buying up gold mines, they have been selling them off! And not making a profit either way.
Plus, another of their mines is basically never going to hit their targeted 1mtpa, instead 850k-900k is going to be all it can achieve.
Their production is barely higher than RMS, yet, RMS E/V is just $150m, whilst WGX E/V is $330m. Hmmm...
You can can 5 million ounces in resource, or 50m, but if you keep losing money, what is the point.
They will quite literally have to raise capital this quarter, or take on debt. Simple as that.
Or... perhaps sell another mine! Which is not able to make any money!
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Last
$2.91 |
Change
-0.030(1.02%) |
Mkt cap ! $2.744B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.96 | $2.86 | $15.89M | 5.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29450 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 68639 | 3 |
View Market Depth
| Last trade - 16.11pm 25/06/2025 (20 minute delay) ? |
| WGX (ASX) Chart |