WKT 2.17% 11.3¢ walkabout resources ltd

Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-10

  1. 15,831 Posts.
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    How funny, WKT has signed a term sheet and needs US$20mil to complete the project and provide working capital, I do recall arguments with @96Blitz where I advised WKT needs US$40mil to build the processing facility and provide working capital, but he called me a liar, yet again WKT own announcements have confirmed my assessment was correct.

    It proves Croc and Co were incorrect with their assessment that WKT only needed US$2.5mil. if you use the higher amount WKT needs, they are only out by a factor of 10.

    This should create enough interest for BMCG to sell more of their 10 mil free shares. It looks like we will have to wait a bit longer to see if WKT can turn this term sheet into a binding agreement, all other term sheets have failed.

 
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