Post by
greeneggs on Sep 18, 2008 11:19am
What a friggin dog.
according to managment presentation, 800 dollar gold give you 52 million a year cashflow after tax. At 850
55 million. Or 33.5 cents share, 35.5 cents share respectively.
5 times 33.5 gives you $1.67 shareprice and we can't even hold that.
Company doesn't have to raise money, and op costs should drop due to drop of deisel.
Guess management has no credibilty what so ever.
Comment by
SkyeCairns on Sep 18, 2008 11:34am
I have given up trying to understand the SP of this company but I don't blame management. First call has a .11 eps for the 3rd quarter and based on the POF over the summer and quarterly production of about 50k oz that seems reasonable. With an eps of 0.11 per quarter even $3 or $4 would be a steal.
Comment by
__D__ on Sep 18, 2008 4:53pm
I think the sp is acting as it is because of people/funds are trying to raise cash.Gold could spike to $1500 and WGI would not necessarily follow lock step.(an upward move sure but.....)I think that we need the 200 day moving average for gold to go, and stay, up...for the mine to stay on track...and for all the people that need out, to get out....
Comment by
babedinkleman on Sep 18, 2008 4:58pm
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Comment by
monmick on Sep 18, 2008 5:16pm
There is obviously a large holder tat is liquidating, for whatever reason...