Hi Natos,
Fully aware the long lead items were ordered in 2019, these were completed in early 2020. By memory the manufacture would be paid the additional US$500k when the items were shipped to Tanzania.
I am surprised you stated the EPC contact is yet to be signed after WKT has spent all of these years working with Jinpeng. It has already been 3 months since WKT announced its US$20mil conditional funding with its Tanzania bank. These contracts are part of the conditions precedent.
https://www.asx.com.au/asxpdf/20210413/pdf/44vh9kfylkkm80.pdf
Lets hope the CAPEX for the production facilities are inline with the Pareto update and Jinpeng have capacity to deliver the project within Andrew's forecast time frame of 9-12 months after the commencement of the Civils.
@BoonTime - Read the second page of the announcement, "Mobilisation to site is expected to commence this month."
Ann: Appointment of Chief Financial Officer, page-41
-
- There are more pages in this discussion • 24 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 WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $17.55K | 167.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 171468 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 221406 | 9 |
View Market Depth
| Last trade - 15.18pm 26/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |