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.
WSA Price at posting:
$2.63 Sentiment: Buy Disclosure: Held
