Hmm. Index funds are big and they will sell when a stock goes out of the index. But, with a maiden dividend, and likely more and better to come, especially as major investment in Big Bell is completed, other things being equal, free cash flow will be a fair bit bigger. This is now in the scope for major local funds and has been for some time, regarding capitalisation and liquidity. It is virtually debt free, and has a portfolio of mines not utilised yet which have been good producers, often killed by a historic low gold price. A gold stock which has a good longer term future and which pays much bigger dividends than bank interest on deposits, and major crash insurance value, isprobably a good hold for 5-8%of a DIY superannuation fund.
WGX Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
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