Hey Flaming.
Cheers for the reply.
I spent a bit of time trying to make sure I understood where WGX got all its cash from.
Basically... (had to give a range, hard to know what the sales prices were)
Cap raising - $45m
Existing cash/bullion - $40m
MGV shares (now sold) - $17-19m
RNC shares (unsure if they are all sold) - $24-27m
Sold a cement past plant (G1A) for $2.2m
total - $128.2-133.2m.
WGX paid off the $9m gold sale facility...
(which... upon reading the update again, does state that with it finished, that $9m per quarter now shifts to the bottom line).
So... WGX made.... $12.8m for the quarter? of $3.8m after paying of the debt.
Could be the first time this has happened, in... years?
Perhaps you are right about my reasons for posting. ha. Though I still think that until I read the quarterly, there are so many unknows.
Cheers for sharing your opinions from the conversations you have had with the company. The figure of $300m is bloody scary, considering that its current reserve is 950k, or... they have spent $315 per ounce...! That being said, its sunken capital, and for those that may buy now, you are missing, the capex hump.
WGX has an E/V of approx $804m. It is cheap. No doubt.
I will do some more reading on the assets (not that the company provides that much detail on them).
Good luck either way Flaming!
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Hey Flaming.Cheers for the reply.I spent a bit of time trying to...
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Last
$2.62 |
Change
-0.100(3.68%) |
Mkt cap ! $1.242B |
Open | High | Low | Value | Volume |
$2.66 | $2.68 | $2.56 | $11.78M | 4.516M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3342 | $2.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.62 | 11000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3342 | 2.600 |
2 | 3342 | 2.590 |
3 | 33238 | 2.580 |
5 | 44016 | 2.570 |
3 | 7513 | 2.560 |
Price($) | Vol. | No. |
---|---|---|
2.620 | 11000 | 1 |
2.630 | 98113 | 4 |
2.640 | 65238 | 5 |
2.650 | 3342 | 1 |
2.660 | 3342 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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