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1.10%

$2.31 westgold resources limited.

Ann: Trading Halt, page-28

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Isladar

1,224 Posts.

158

18/03/22

06:35

Post #: 60265261
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Originally posted by CaptainBarnacles: ↑

WGX management have whacked retail holders over the head - not very respectful to do a discounted placement alone. Not giving retail holders many reasons to stay involved. I expect retail holders are very unimpressed. An SPP entitlement, even assuming a significant clawback, would have been a great call option to hold.

Still I like it that their mines are significantly underground with energy prices so crazy, cw other goldies lugging around open pit ore and overburden., and processing lower grade ore.
I also expect that Omicron and the WA border closure has created a lot extra costs. These problems are both lessening or gone.
Gold is certainly strong, other than that spike on the 9th March not having follow through. The Russians could start hitting the market with their gold reserves, or the war could suddenly be over - happy to have gold plunge for reason 2. Hope any plane carrying gold bullion has to make an emergency landing in Ukraine - Russia owes Ukraine a lot of money.
FY 24 "AISC" earnings will be about 50% higher at POG AU2611 than their G for FY 22. At about $404m v $273m assuming their forecasts pan out. That is a lot of extra income that can be generated.

So bought the dip - gulp

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WGX Price at posting: $1.93 Sentiment: Sell Disclosure: Not Held
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ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

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(20min delay)
Last $2.31		Change 0.025(1.10%)		Mkt cap ! $1.098B

Open	High	Low	Value	Volume
$2.35	$2.37	$2.30	$1.132M	485.3K

Buyers (Bids)

No.	Vol.	Price($)
18	19514	$2.30

Sellers (Offers)

Price($)	Vol.	No.
$2.31	37528	27

View Market Depth

No.	Vol.	Price($)
22	29003	2.300
18	71261	2.290
15	81211	2.280
9	271835	2.270
4	14860	2.260

Price($)	Vol.	No.
2.310	17422	19
2.320	54233	34
2.330	67641	26
2.340	86815	16
2.350	265003	15

Last trade - 11.28am 19/06/2024 (20 minute delay)

WGX (ASX) Chart

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