WGX 3.92% $2.65 westgold resources limited.

Have you been holding WGX stock for awhile?Don't want to...

  1. 261 Posts.
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    Have you been holding WGX stock for awhile?

    Don't want to persuade you from your reality. But I just want to give you some facts - in December 2016:

    Westgold share price hit a bottom of $1.41 a share, and
    Northern Star hit a bottom of $2.95 a share.
    Westgold at that time was compared more like Saracen, and Saracen hit a bottom of 91c.

    Don't quote me, but for approximates:

    Westgold was producing 240k in gold production,
    Northern Star around 700k, and
    Saracen around 300k

    Management is a testament to how the company revinests their capital and drive shareholder return. So it's 3 and half years later now:

    Northern Star is now forecasted to produce 1.15m ounces and its share price closed at $10.72 (29.85% down from it's 52 week high of $15.28)
    Saracen is now forecasted to produce 500k+ ounces and it's share prices closed at $2.97 (37.5% down from it's 52 week high of $4.75)
    Westgold is now forecasted to produce 300k ounces and it's share price closed at $1.625 (36.7% down from it's 52 week high of $2.52)

    So in 3 and half years:

    Northern star delivered share price return of 262% and while increasing gold production profile by 450k ounces
    Saracen delivered share price return of 226% and while increasing gold production profile by 200k ounces
    While, Westgold delivered a share price return of 15.8% while increasing gold production profile of between 30k to 50k

    It seems the barrier must be quite low on what is considered good management these days.
 
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$2.65
Change
0.100(3.92%)
Mkt cap ! $1.256B
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$2.60 $2.65 $2.60 $8.481M 3.221M

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2 8689 $2.64
 

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Price($) Vol. No.
$2.66 7872 2
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