WAF west african resources limited

Ann: Quarterly Activities Report, page-2

  1. 5,335 Posts.
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    Very good result from Richard and team.

    Looks like they're considering knocking USD 50 million off the debt facility.
    Dec

    https://hotcopper.com.au/data/attachments/5225/5225265-afaf229195aa5696d6e724efec61886c.jpg

    March

    https://hotcopper.com.au/data/attachments/5225/5225267-af4dfc7ae9ee9db43be2bfa1a1ead6d1.jpg

    Not many businesses out there would be able to shut down their only operating plant for several days for maintenance yet still add 3.7m in cash & equivalents for the quarter. Spending 70million above cost of normal operations (45 million on PPE and 25 million on extra tax payments) and still having a profitable quarter is incredible.

    Easily the most undervalued gold producer on the ASX.

    https://hotcopper.com.au/data/attachments/5225/5225271-a13f28adea062d422a34b4416ce1fcdd.jpg
    https://hotcopper.com.au/data/attachments/5225/5225272-39afd8add5a281d9c1341b2152f40f51.jpg
 
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