Westgold (ASX:WGX) just announced a $45m placement.
"The proceeds will enable the acceleration of growth within the companies CMGP operations[includes Bluebird Plant, Meekatharra North].These along with the Company’s transition to cash flow generation gives it ample cash tocontinue unlocking the value of its operations and growth within the region. It will also provideadditional funds to expand its internal mining services division to handle the increased workflow requirements for both internal and external opportunities."
Will some of this flow our way? Opening up Garden Gully could be a good long-term provider for WGX and OAU.
Cham, i don't know about the mining license - it seems to be taking a long time, but OAU are making good noises about it. I am hoping with you that it's not far away now.
Rising Price of Gold......................, page-7
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