WKT 4.55% 10.5¢ walkabout resources ltd

Ann: Investor Presentation, page-456

  1. 5,617 Posts.
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    Hi @ca5thompson. If you follow spids posts you'll notice how he continually quotes Lindi Super Jumbo as not being fully funded and loosely claims his Graphite Project Epanko and Kwinana as unconditionally funded. A recent interview by EGR'S CEO ASpinks clearly shows Epanko and Kwinana are light years away from anything close to a funded full scale Mining Operation.

    Take Kwinana for instance; firstly it has to demonstrate it's process works and is viable by running a small scale pilot plant. Even if successful EGR still need to raise $50M on top of the Government's $40M loan, which isn't a Grant. All this in order to complete Kwinana Construction. Good luck. Then there's Epanko where EGR will more or less loose over half its operation through a dilutive Cap Raise just to get into production. If at all!!

    So glad Lindi Super Jumbo is fully funded in these very trying times with a $20M US Debt component. Lindi Debt Free within 2 years with 'Zero' Dilution attached to it's Debt Funding. With inflation the way it is, It's a scary time to be invested in unfunded mining projects IMO. DYOR.
 
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