WGX westgold resources limited.

Great post Sam.I can only echo your thoughts.Above all, I like...

  1. 12,531 Posts.
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    Great post Sam.
    I can only echo your thoughts.
    Above all, I like that WGX continues to disclose market sensitive news as early as possible (though I conceded they could have announced Paddy's issues more openly). This news should have been provided to the market as soon as Paddy was shut.

    https://hotcopper.com.au/data/attachments/6031/6031597-523d1053de5c47abb628774f82cb7632.jpg

    Looking forward to WGX being able to more clearly articulate what they are hinting at....
    Other than the obvious idea of simply getting more tonnes from their current mines, the more pertinent question is, how might it alter the next 3 1/2 months.

    https://hotcopper.com.au/data/attachments/6031/6031600-2070e277bd6226668c6069fd2a5b803a.jpg

    For what it's worth, I really liked the photo of the welder. Real people working in a company I own a tiny part of.

    As for the Starlight update, basically... hitting 100+ gram hits is worth providing to the market when they are going to be mined over the next 12 months.
    https://hotcopper.com.au/data/attachments/6031/6031613-b4027f934b9e55bfd3f4f35a24a8c58e.jpg

    Higher grades and increasing the mine life of Fortnum, win win.

    https://hotcopper.com.au/data/attachments/6031/6031604-543c66aedfd1b4b210d3421a7501f874.jpg
    Being able to get more high grade ounces out of Starlight hopefully means Fortnum will once again be the lowest cost plant in WGX.

    Would be interested to know if any other mid/small cap producer on the ASX has its own fleet of 13 drill rigs?

    https://hotcopper.com.au/data/attachments/6031/6031607-e2671c4ea29c1a0a31d4ef60a627a592.jpg

    The lack of movement in the share price may also have something to do with WGX potentially entering the GDX with Nordesmic has discussed last week.
    But, the reiteration of guidance is great and.... goes to show how wise the MD was to be conservative with FY24 guidance oh so long ago.
 
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Last
$3.05
Change
-0.010(0.33%)
Mkt cap ! $2.876B
Open High Low Value Volume
$3.05 $3.10 $3.04 $14.13M 4.616M

Buyers (Bids)

No. Vol. Price($)
2 26288 $3.05
 

Sellers (Offers)

Price($) Vol. No.
$3.06 78748 3
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Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
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