They care??? What manipulation ="Management need to show how...

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Goldnumber

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15/12/22

13:36

Post #: 65325780
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Originally posted by fitnfam: ↑

Not really,
I just figure any action will manifest around May/June,with two QTRs of declining costs under the belt,rising milled tonnages,providing a stronger share price , CASH in the bank and stockpiled ore at mills slowly lifting in overall grade and removing trucking delays and delays in continuous milling maximum tons.
I don't see how they can not exceed their forecast ounces for the year,even if they tried not to.
A 10yr mining plan/milling certainty is money in the bank,especially with new chosen equipment cherry picked rightsized for the job to minimise costs.The BIG BELLS are the future,BB2 mined at a nice steady slow 10yr rate bodes well.
Lesser mines are opportunistic sideshows,when it suits or planned access to something bigger underneath.

A great year ahead if nothing Corporate happens and an even better one when a play for a less robust or poorly managed /stranded business occurs.

RMS seems well run.I would hate to think it was just high-grading/cherry picking its ore for quick returns.
Mind you its mill is just as close as GCY's but with better road access.
Then there is the Andaman mill 2mt upgradeable to 2.5Mt,don't know if its still going since admin in may 21

The plan was for 400koz within 3yrs from memory.
Nominally with Fortnum expansion they have well over 4MT of capacity,could be nearer 4.5MT
They just need to start milling at plant capacity and up the yield a bit,which has been slowly happening at Murchison.
That's near enough 300koz at existing 90% overall yield when fed at 2.5 g/ton
Hence talk of a new mill near tuka or expansion.

Know of a cheap good sized mill of at least 2mt for removal that's worth moving anyone ?

Plenty of options presenting themselves,at least 3 I see.
It'll come down to the money spent and the business fit in the end.
Once one goes it will value the next deal option.
I would expect at least 3 different conversations will take place with prospects in the new year all at the same time.
Who knows what may fall WGX's way.
Management need to show how Canny they can be with shareholders money.
Those large corporate shareholders didn't divvy up at $1.20 a share just to see WGX survive another year,that's for sure.
To get those same shares for 40% off a Xmas present ?

Just thoughts of course.

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They care???
What manipulation =
"Management need to show how Canny they can be with shareholders money."

WGX Price at posting: 76.0¢ Sentiment: Sell Disclosure: Not Held
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