General Markets Talk

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mookieb

Club Legend
Oct 4, 2006
1,986
1,386
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Hawthorn
Pretty happy with their WGXs recent report.
Production was low which seems inevitable with WGX but it was a massive positive on costs. I think there might have been some wholesale changes with their internal contracting.

I think they continue to re-rate as long as production goes to plan and Big Bell hits full production. They've got plenty of cash so we shouldn't be too far away from dividends if things go well and gold continues to increase.

A few experts talking gold to $1,825 odd before a sizable move upwards.
 

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Jimmy_the_Gent

Brownlow Medallist
Dec 25, 2004
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They're offering options at 0.40 and 0.60.

Assuming they are call options, they would give the holder of the options the right to buy shares in the company at 0.40 or 0.60 (depending which they hold) before the expiry date.
 

Jimmy_the_Gent

Brownlow Medallist
Dec 25, 2004
15,589
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Perth
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Why would you when the share price is .32 or do I have that wrong?
Nothing wrong. These options are currently "out of the money" but they can be exercised any time before they expire.

So if in 2021 the share price hits, for example, $1.00, these options will have value.

EDIT: The reason this is done is that there is a party that is writing these options and people who buy them are charged a "premium" which is basically a fee. So there's an income part to it.

Companies can also sell/give options to management so that they get a bonus of sorts if the share price goes high enough. This is meant to incentivise management.
 

mookieb

Club Legend
Oct 4, 2006
1,986
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Hawthorn
CDT offering SPP @ $0.01 per share. Anyone taking up the offer?
I do my own research on shares, but also one of the guys who I follow and is very good recommended CDT. The majority of his other picks have done very well - DRE, LCL, NVA, CVV, GMR etc. I'm not in on the SPP, but i'll likely have a small dabble given that's it has a tiny market cap ($6m) and if it hits something these types of shares have been exploding.
 

craigos

Brownlow Medallist
Sep 2, 2014
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I got the hell out of GSM a week or so ago. Had sold majority of my holdings prior to the SP bottoming out and dipped out the rest last week.
I just don't have much faith in them finding anything of value.

If you're tossing up between CDT and GSM, I would go with CDT.
 

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