your welcome. WGX is the gold analogy. The management couldn't organise a dogs breakfast, yet price gain has been great in the last few months as the sentiment in the gold industry has greatly improved (since Sep 18). This co was spun out of MLX! (hence the management cultural legacy). Like MLX, WGX has really high costs, but that is the beauty in the imperfection, when these type of co's improve a little, the impact on % margin is amplified, and hence boom returns can be gotten. not for the faint hearted, coz you have to get two guesses right: higher base metal prices & lower costs, both of which are against a backdrop of a shaky China and a Über long on the tooth US bull market.
Shorts, page-12
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Last
38.0¢ |
Change
0.010(2.70%) |
Mkt cap ! $344.3M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.3¢ | 37.5¢ | $305.0K | 805.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 434694 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 84796 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |