CEO
What is nice about this deal? WGX has just borrowed another $21m, and are continuing to bleed money on their ramp ups.It is a better deal then their other GPP since its at a higher price (lower effective interest rate) but it is still a loan that must be repaid, in this case in gold payments rather than cash. I wonder is settlement is on a cash basis? The fact that they have hedging in place at a higher price than the GPP is a plus, but its normal for a company to have such hedging in place, and the decision to hedge should be made irrespective of any borrowings.
loki
Ann: Westgold Tops Up with $20.85M Gold Pre-Pay Addition, page-3
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 (20min delay)
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Last
$2.54 |
Change
-0.020(0.78%) |
Mkt cap ! $2.387B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.57 | $2.52 | $6.286M | 2.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 205982 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 91231 | 51 |
View Market Depth
| Last trade - 14.43pm 01/08/2025 (20 minute delay) ? |
| WGX (ASX) Chart |