Hey Jogo, very fair question. I view their gold as valuable, their ability to generate a profit... not so much. I believe they are a T/O target, due to their consistent inability to meet their production targets. That being said, I reduced my holdings to a very small amount around $2.20. So, I continue to watch, and hold, partly for educational reasons (as in, how good assets, perform poorly with poor management, versus, say, RMS which has average assets, but good management), and the potential T/O. It will be a very brave operator that takes on WGX, yet.... all that gold is profitable, with the right operator.
Out of interest, what if any reason, would see you look at taking a position in WGX? What would have to change?
An E/V of around $650m is cheap, but... still the market views WGX as a poor investment.
WGX Price at posting:
$1.89 Sentiment: Hold Disclosure: Held
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