The ASIC looks misleading, Westgold's bottom line suggests these guys just lost 18million in physical cash and bullion this quarter compared to last quarter. A lot of that "growth capital" looks to be sitting outside the reported ASIC, they've even bodged the financial waterfall chart towards the end by not including 6mill in investments for last quarter! The only profitable mining project continues to be Fortnum, both Meekatharra and Cue projects (the major focus) continue to bleed money. Lucky with these kind of losses they've started paying a dividend!
WGX Price at posting:
$1.93 Sentiment: Sell Disclosure: Not Held
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