Going with the update they could have produced 60-68K ounces.
Debt free, coming out of heavy capital intensive period. Fantastic gold prices and possibility of going higher, everything is suggesting their will be demand for WGX shares finally for the life of me. It has been a frustrating hold for us shareholders.
Last quarter they had 66 million dollars on hand including cash, bullion & shares in listed companies.
This quarter they have 137 million on hand including cash, bullion & shares in some listed companies.
Cap raise 42.5 Million
MGV shares 16-17 million
Don't know what they did with RNC mineral shares.
Paid 9 million dollars into the gold prepay loan.
From my back of the envelope they would have generated 30-40 million dollar cash this quarter.
If that is so then this would be the first time WGX would have added to their cash balance.
Overall feeling good about WGX now.
Ann: Westgold Trading Update, page-10
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Last
$2.86 |
Change
-0.030(1.04%) |
Mkt cap ! $2.697B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.91 | $2.84 | $7.118M | 2.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24730 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 93725 | 3 |
View Market Depth
| Last trade - 16.10pm 30/12/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
