05-Dec-2023: [email protected]

Massive hit!

14-June-2022: Not easy to find much green across the screens today, but Westgold Resources (WGX) has bucked the obvious "sell everything" trend today with a positive market update - see here: WGX-Record-Gold-Production-of-25,100oz-in-May.PDF

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WGX is up +2cps to $1.185 (+1.72%) today at this point (12:45pm Sydney time).

Disclosure: I do NOT hold WGX shares either here or IRL.

The gold sector is mostly being sold down along with everything else today - as often happens at the start of a crash or correction when the mantra is really "sell everything" - or "go to cash", however it's when these downturns go on for weeks and months that gold tends to outperform. Today it's a real mixed bag.

27-Mar-2020:  Business Update - Westgold Operations

Westgold (WGX) are the gold assets that were spun out of Metals X (MLX) in late 2016.  MLX were trading at over $1 at the beginning of 2018 and closed at 6 cents today (6.1c to be exact).  They've had a BAD couple of years. 

WGX peaked early (after they were spun out of MLX), at $2.54 on Feb 20th 2017, then fell through the rest of 2017 and all of 2018 to bottom at 83 cps in mid-Dec '18.  They then powered back up to as high as $2.47 in Sep '19, before being coronered back down to $1.44 in Feb/Mar this year.  Quite a rollercoaster ride!  Today's announcement was well received by the market, with WGX finishing up +5.88% at $1.80.  It's worth a read actually.  It's got some attitude.  They start with this heading:  "Westgold Operating as Usual"  - and they end with this:  

"It’s an ever-changing situation and we’re not sure what tomorrow brings but we’re standing tall, ready to fight it and win”. 

You gotta love that optimism!