WKT (ASX) Ann: Quarterly Cashflow Report

Originally posted by Names little: ↑

Hi Ham Child, I note you edited out your previous post, did you have a lightbulb moment and realised that there is nothing in that announcement that excludes the Bond Note from being a convertible note? A "Note" or "Bond" is a higher level definition, a note or bond then has sub categories which include convertible and non convertible.

So they are looking at a Note, but they definitely haven't excluded by this announcement that it's convertible or partially convertible in my humble opinion. You of course can take a guess and you may end up being right, but there is nothing in the announcement that excludes it. All they have said is it's a Note issue.

I also note the topic got changed quite rapidily and nobody seemed to want to answer this question for some reason

"Hi Croc, what's the difference between "purchased or redeemed". Does that mean they are looking at a convertible note that can be redeemed into shares? "

Anyway, if you did in fact have that "lightbulb" moment I would have thought it would have been nice of you to share that moment, rather than quickly edit your post. Perhaps others could then have shared that experience with you.

Interesting point you then quickly raised (hopefully not to deflect the topic) on whether a reserve of such a small nature will result in a lower bond yield, I suppose it will likely depend on whether the lenders think it can generate sufficient cashflow so that they get paid their interest and eventual loan, as the the SYR situation demonstrates , having a reserve in the ground doesn't generate any cashflow. I suppose it may have some bearing when they do those calculations on a fire sale situation, a larger reserve would more likely be able to be flogged off, thus giving them a higher degree of confidence that they can get some money back. Not sure why you think your small reserve would generate any sort of discount though, but will be interesting to see what the rate is if/when funding arrives.

Anyway all in my humble opinion as always and I am hoping that perhaps my previous post helped you have a "lightbulb" moment on the fact that a "Notes Issue" can be either Converting or Non Converting or even some hybrid of the two. Seems people's preference may be for a Non Converting notes issue, so let's keep our legs crossed for that.

All the best

Expand

The Lindi Jumbo graphite project has the highest graphite reserve grade of any graphite development project in Africa. The Life of mine forecast production is 40,000tpa and we are blessed with a long mine life of 24 years.

Does that mean they we are actually looking at a potential Bond rate that is very low indeed? Going from strength to strength if so, but that's just in my humble opinion as always.

In comparison, the 25% low grade mini-flake that underpins SYR, KNL and TON is a worrying concern now. Some people say that such a poor grade will affect the viability of these companies over the next 12 months? Let’s hope not for the sake of the investors. Fingers crossed.

All in my very humble opinion.

No.	Vol.	Price($)
5	452856	10.5¢

No.

Vol.

Price($)

452856

10.5¢

Price($)	Vol.	No.
11.0¢	185967	5

Price($)

Vol.

No.

11.0¢

185967

No.	Vol.	Price($)
5	452856	0.105
15	721114	0.100
2	120000	0.099
1	130000	0.098
1	150000	0.095

No.

Vol.

Price($)

452856

0.105

721114

0.100

120000

0.099

130000

0.098

150000

0.095

Price($)	Vol.	No.
0.110	185967	5
0.115	964750	5
0.120	722697	12
0.125	765666	14
0.130	337943	6

Price($)

Vol.

No.

0.110

185967

0.115

964750

0.120

722697

0.125

765666

0.130

337943

(20min delay)
Last 11.0¢		Change -0.005(4.35%)		Mkt cap ! $73.83M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.0¢	$94.52K	859.2K

Ann: Quarterly Cashflow Report, page-206

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

Greentech finds lithium trend across 5.5 km at WA's Kobe South

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Cashflow Report, page-206

Top Stories

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

Greentech finds lithium trend across 5.5 km at WA's Kobe South

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News