So... WGX made $1.5m for the quarter. This should increase by at least $9-10m due to there being no further gold pre-pay repayments. Then you have the 'growth capital' spend, of $34m, should continue to reduce (at a total guess, by maybe 25% per quarter). So... if they repeat the June Quarter, which I think was fairly average (the extra gold sales helped....), then perhaps cash build of $20-25m. I won't deny their exploration results are actually quite impressive. I still have hesitations regarding the next quarter, being less than exciting. High AISC, and most likely will only producer a bit of 60k. Which is what they achieved this quarter, which they made great pains to hide. I just don't understand they they do this. Transparency is such an important part of running a listed ASX company.
The big bell resource increase is clearly a good outcome. Will be very interesting to see how the market reads this.
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)