Hi Semi,
You really are becoming deceptive.
TNR - although there is Credit, WKT still needs to pay at least ~US$250k per month (~$380k per month), if the invoice is above US$250k per month, this is the amount which goes on Credit. if TNR invoices are US$750k for the QTR this is $1.14mil AUD.
This doesn't leave much funds left for other payments, shipping, corporate, DD, legal, listing fees, directors fees, deposits, ect ect. Don't forgot WKT detailed this QTR expenditure was going to be very similar to last months costs, yet they thought they were going to see Gemcorp funding in early May.
One day you might invest in a calculator and seek some real professional advice. Who was that broker that congratulated you the other week for the term sheet?
Ann: Development progress - Lindi Jumbo project, page-111
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