Yes, I probably do expect a lot of others. I always applied the same approach to myself in business. I also accept that my assessments maybe more critical than most but this approach has made me and saved me money over the years. It has also bought me some ridicule on HC offering my differing opinion at times. RVR was a good case in point recently and we both know how that ended.
There’s no doubt in my mind Wayne is doing a reasonable job, I also acknowledge that it takes time to implement changes and the benefits derived from them to flow through. Wgx certainly has some major positives moving forward.
In saying that thou I don’t think going halfway around the world with a somewhat outdated presentation and attempting to rush thru it so everyone can get to lunch early ( Wayne’s words not mine ) is good value for shareholders … I would be more like if you want to leave early your going to miss the best opportunity of the conference. Never devalue yourself.
I also don’t think it’s terribly professional ( along with Joel ) that your hedge is 70,000 ounces on page 7 and then 50,000 ounces on page 22 with a graph showing 70,000. Last time it was the monthly costs that were incorrect. My experience in business tells me if your sloppy with the important stuff there’s probably a big chance down the line is only worse. If mediocrity is acceptable at the the top it’s probably seen as acceptable throughout the operation. Wayne talks about culture and it starts at the top.
I won’t bash on with the negatives but no real mention of the last 2 months … 2 months is a longtime in mining and I think it deserved a mention rather than the forward salesmanship which really may or may not eventuate …. Great Fingal etc.
@Joelstar made some good suggestions about the follow thru on messaging on some issues … Fortnum etc. Some of my early posts was about WGX “starting and not finishing” … you need consistency in your business, operations and messaging your story imo.
Just my thoughts. Sorry Spec if you thought I would go easy on them lol.
WGX Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
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