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Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

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

Comment by Rainman01on Nov 15, 2024 11:59am
104 Views
Post# 36315064

RE:RE:RE:October dividend

RE:RE:RE:October dividendWESTGOLD shareholders had to own shares prior to the merger transaction in July 16 I believe. Westgold pays out 2 times per year and we just missed it in 2024 . I believe it was the right move considering KRR shareholders received a cash portion for the merger. We are still well below a reasonable shares price for Westgold but with our current mines and mills ramping up we will see close to 500 thousand Oz in 2025 . Gold miner's like Westgold have been shorted beyond a reasonable amount and I think we have a great amount of room for this to run up after we hit certain milestones. We have received nothing but great news from drill results and our reserves are nothing short of remarkable. We are closing in on 14 million Oz reserves at 500 thousand Oz per year producer I don't need to present my math to show you how much our market capital and share price has been manipulated. I am holding my shares in anticipation of Westgold shareholders receiving a fair market capital and a impressive dividend once it comes around to us hitting our stride. The current 2.25 billion dollar market capital is a real joke and everyone knows it including some very smart people who own shares of Westgold. Maybe a lawsuit involving the institutions that are stealing from shareholders and the tsx traded companies like Westgold would turn the entire country and stock market on its head exactly where it needs to be. We have years of evidence of institutions and alternative exchanges trading stocks and shorting stocks while regulatory bodies known what is taking place while turning a blind eye which is negligence and criminal in itself. I believe gold will hit its bottom and continue up after everyone figures out that the world is still in trouble and very much still in debt. Watch out crypto will correct and when it does it is always nasty. You still need to back up your dollar or crypto and that should be by gold or silver not paper or make believe ideas for stored value. Cheers and holding 

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