I was thinking similar. The standstill agreement gives WGX the chance to get past this period of operational weakness of having to process so much low grade ore for a couple of poor quarters till new developments hopefully start to come online, or at least show potential. Have been thinking the capital intensity of getting Big Bell up and running really drained WGX to the point they stopped exploring and other developments till they had the ship stable again. Now its time to hit the go button on more new developments. Also time for the Karora deal to be done and hopefully a lot of positives to be highlighted.
WGX Price at posting:
$2.25 Sentiment: Hold Disclosure: Held
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