Here is the quandary,
Is WGX operating to :
1/ Maximise mine and Plant life.
2/ Run at a steady CASH generation rate,adjusting the quality of feed to maximise value of low grade marginal stockpiles and now maybe cash flow positive waste dumps as part of a rehab project when it pays for itself.Spending surplus cash on exploration and development?
Is the plan given current gold prices to run at around $80-$100m / Pa cash surplus?
3/ Expand mining operations hoping for a sugar hit.
4/ Struggling to keep feed up and hunting for more desperately via exploration and restarting mines.
The market is becoming confused without a definite stated and presented plan of action
While I see a cleaning up of operations i.e 6 sites rehab completed in the Sept QTR and a consequent reduction in future liabilities going forward as rightly pointed out by others, the last 3 QTRs have seen a decline in ounces.
A value on the reduction in rehab liability may be enlightening and clarifying,especially if the value of liabilities dropped by say $20m in that period.
If you deduct the 1st QTR as being a rush to make targets for the period,it is less of an issue.Maybe given the target for the year?
The last presentation was literally an announcement of a seperate mining division to me.
Is this so?
Is WGX touting itself as a mining services operator to others in the area to use its surplus mining equipment?
The answers to any of these questions would not be a matter of WGX disclosing sensitive information,but a clarification to the many lesser beings like myself known as non-corporate shareholders.
The corporate action side of things is another matter entirely and fair enough management staying mum on such plans,
Naturally certainty about how your company operates means you are more likely to increase your holdings and drop them in a bottom draw.
Uncertainty does not bode well for both the company and its future ability to achieve amazing things.
Nor for shareholders willing to hold but with uncertainty about what path the management are on to benefit shareholders,likely to move on.
So far I have been betting on WB to steady the ship,but would like to know without a doubt where it is headed.
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- WGX need to clarify their Modus Operandi
WGX
westgold resources limited.
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Here is the quandary,Is WGX operating to :1/ Maximise mine and...
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Last
$2.75 |
Change
-0.020(0.72%) |
Mkt cap ! $2.593B |
Open | High | Low | Value | Volume |
$2.79 | $2.82 | $2.74 | $9.435M | 3.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 74224 | $2.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.78 | 9245 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1848 | 2.750 |
2 | 3200 | 2.730 |
3 | 8367 | 2.720 |
6 | 102951 | 2.700 |
3 | 10742 | 2.690 |
Price($) | Vol. | No. |
---|---|---|
2.780 | 6745 | 2 |
2.790 | 10000 | 1 |
2.800 | 10000 | 1 |
2.820 | 1743 | 1 |
2.870 | 18700 | 2 |
Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
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VIRIDIS MINING AND MINERALS LIMITED
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