Well it seems that ACM is back under control - that is good news, cause it was a money pit (pun intended) for a while. Assuming it's run competently, I can understand the rationale self-performing all these numerous WGX development works. The risk would be that they run out of internal work in a few years time and then can't re-contract, externally. I for one have no wish for WGX to devote too much time/money to becoming a mining services Contractor - they already have enough (too much) on their plate.
Also interesting to read they're now planning to sell HGO - they only bought the neighbouring Polar Bear tenements 1 year ago? I guess if they can bundle it all up and then sell the whole Project for a profit, it's all good? But if they sell for a loss, it'll be very disappointing. I don't think anyone would argue that WGX needs to simplify their scope of operations though.
Happy to keep holding WGX for now - however it seems like this is always a "so much potential" stock? At some point they have to get the runs on the board, but can't deny they're making progress. I read a report on recently on Livewire which ranked WGX last in the Australian Gold Miners. I'll see if I can find the link.
WGX Price at posting:
97.5¢ Sentiment: Hold Disclosure: Held
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