IKN

More matter with less art

Wesdome Gold (WDO.to): The two numbers that matter…

…from its 3q18 financials, out last night:

1) WDO spent $9.75m on exploring and developing its properties during the quarter.
2) Working cap, at $13.2m, dropped by just $1.3m.

At this rate, they will be able to build Kiena without any capex raise.
What? Maximizing shareholder returns and looking after long-term shareholders? Wow, that must really annoy a whole bunch of offices in Toronto.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.