Agree that mgmt. has done itself no favours by taking a conservative approach to stating FY24 guidance. Bringing Fender online, presumably displacing low grade stockpiles, and then ending up at a similar production rate to FY23 implies that the existing operating assets have maxed out.
On your note re other opportunities that have better value. Aussie Goldie’s are expensive. African Goldie’s are cheaper but then you take on some obvious uncontrollable risks.
WGX trades at a relatively low EV to EBITDA and is still projected to generate meaningful free cash flow (even at the low end of guidance) during the upcoming capital intensive period. If you back mgmt to execute their growth strategy then this is not a bad place to be.
Agree that mgmt. has done itself no favours by taking a...
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Last
$2.57 |
Change
0.025(0.98%) |
Mkt cap ! $1.225B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.56 | $3.460M | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 21331 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.57 | 70737 | 70 |
View Market Depth
| Last trade - 15.52pm 11/07/2024 (20 minute delay) ? |
| WGX (ASX) Chart |