West African Resources September Quarter Appendix 5B | Operating Cash Flow $110m. Market Cap $1.2b

ASX Gold Producing Company, Wets African Resources (WAF), released their Appendix 5B on 15 October. WAF went into gold production in March 2020, and since then this company has produced such a prodigious amount of cash that they have pid off $200m of debt AND increased their cash on hand by $50m. This company is now net cash. Impressive for a company that was net debt by $260m.
The market seems to pay a little bit of discount to WAF because of the location of the company's mine (Burkina Faso)
The company made an acquisition of another mine on October 26 and proceeded to have a capital raising to pay the acquistion and pay down more of the debt.

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