Below par? Seems like a pretty solid set of numbers for a goldy trading well below a billion market cap. Almost 20 million increase in bank balance, zero debt and non sustaining growth expenditure of near on 40 million for the quarter. With growth expenditure decreasing over the financial year forward annualised profits should be comfortably within the 150 to 250 million mark. A book asset value of approximately $1.30 a share adds to the over all picture of financial health. Am I just seeing this with rose-coloured glasses or is there more going on behind the scenes that are well hidden in the quarterly figures?
WGX Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
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