Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-435

Hi R08

It wasn't that long ago EGR raised I think $54m so they are burning through the cash at an alarming rate from a shareholder's perspective(yikes!). Their management is paid quite handsomely I believe so they are doing quite well but the punters on the other hand...anyway this is WKT so let's get back to that.

Even though raising cash hasn't been WKT's forte they have still managed to build a mine that is only months off beginning commissioning.

Revenues by this year's end, WKT's management gets a beating but have far surpassed their near rivals in the space IMO. They have achieved so much more than all of them.

EGR with their mountains of cash for next few years at least will never get to market in my opinion. It will all go to management wages, a management that hasn't achieved 5% of what WKT management has done in building an actual mine and getting it to market, I realise WKT are a few months off this.