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.
- Forums
- ASX - By Stock
- WSA
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-4
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online