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Westgold Resources Ord Shs WGXRF


Primary Symbol: T.WGX

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah Operations, Higginsville Gold Operations, Spargos Gold Mine, Beta Hunt Mine, and Lakewood Gold Mill. The Murchison Operations are located around the regional towns of Meekatharra and Cue in the mid-west region of Western Australia and incorporate the Meekatharra and Cue Gold Operations. MGO is located around the regional town of Meekatharra and encompasses assets, including the historic gold mining centres of Meekatharra North, Paddy’s Flat, Yaloginda, Nannine and Reedy’s. CGO is located around the regional town of Cue and encompasses Westgold’s southern group of Murchison assets.


TSX:WGX - Post by User

Post by MaterialsManon Aug 28, 2024 11:30pm
271 Views
Post# 36200586

FY/24 results & reaction

FY/24 results & reactionIs anyone besides me surprised at how poorly the SP reacted on the ASX?
Maybe I missed something, but I thought the numbers looked pretty good to say the least.
I did notice that some big players appear to have taken about a 10% interest in the company prior to this announcement. That buying could have been somewhat responsible for the recent high volume. Plus, it could telling us something. Like maybe there's a lot of smart money that jumped on the bandwagon and subsequently pumped up the SP.
If this sort of action in the SP continues on Thursday in N.A. it could well be a great opportunity to load up.
I think we all know what Karora's assets are bringing to the table, and gold is setting all time highs.
Does anyone see this differently?
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