WKT 0.00% 10.0¢ walkabout resources ltd

Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-81

  1. R08
    7,867 Posts.
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    Don't be so emotional and stick to the company. I made a positive post last night about Gemcorp's vision.....whilst I don't hold.

    Commenting on the facts in relevant to the company. Anything else is just personal rubbish.

    Do you have a company related, positive counter argument ? Why do you think yesterdays highest value and volume day for some time ended in no SP gain ? Did you read the previous CRDB finance agreement announcement again, quickly followed by reading yesterdays finance announcement - almost like for like yeah ? Only took that process 3 years to be declined - however WKT expect these discussions to be concluded within a month ? Thus the CN, death spiral safety net package at US$10m whilst issuing $1.2m free shares to BMCG - just as a safeguard in case this Gemcorp finance deal also drags out / collapses at the DD. All makes sense now doesn't it.....

    @SweatEquity .... I understand commercial lending. The terms loosely announced yesterday without clarity are above and beyond normal commercial funding agreements in the first instance. Importantly, these terms are still subject to finalisation of the actual cost base, they could increase following DD, particularly the profit share - which will further reduce WKT's bottom line upon production / product sales.
 
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