I continue to be impressed by the resilience of the share price, when announcements like this come out! Yet producers that hit guidance and meet AISC have been pushed lower in the last 2 weeks.
I cannot help but laugh, as what else can one do? The board basically needs to simply be removed. The contractor needs to be packaged and sold, even though arguably, they are still doing ok considering the skills shortage.
There was some weather related issues, but as I understand it, only 3-4 days worth. That does not amount to a 25% miss on guidance.
@CaptainBarnacles - very much agree about the mine sequencing. That is a very circumspect way of saying, that either grades are missing, or ore movement issues have arisen....
This from just 17 days ago....
Then you have this from Feb 2021
They love mixing the guidance between FY and CY. But.... in simple terms, they are going to miss guidance by at least 10% of the mid range. And get nowhere near the top of guidance. Potentially 55k less. Anyway, none of this is new for WGX. I just cannot understand how the major holders continue to put up with such consistent under-performance.....
WGX Price at posting:
$2.05 Sentiment: Hold Disclosure: Held
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