WSA 0.00% $3.86 western areas limited

Ann: Quarterly Activities Report, page-4

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  1. 903 Posts.
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    Exactly Plough, This allowed the Company to record strong net free cashflow of A$19.0m after all capital expenditure, exploration and payment of the FY19 full year dividend.

    then this
    Sustaining mine development and capital expenditure at Forrestania totalled A$10.6m (Sep quarter A$10.7m).
    Growth expenditure for the Odysseus mine development at Cosmos was A$14.9m (Sep quarter A$14.0m), primarily
    related to the completion of the underground pump station construction and dismantling and refurbishment of the shaft
    haulage infrastructure in South Africa. Exploration expenditure was A$6.2m for the quarter, including a A$0.8m
    payment for the purchase of the Kathleen Valley tenements from Ramelius Resources.

    and the dividend payment was $5.5m. so what was the actual free cashflow? and I'm leaving out the $14.9m Odysseus mine development cost.

    This is a cash cow, and very undervalued. Buying time at this price.
 
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