Too funny Sparecash, If you and your fellow share promoters thought this announcement was as good as you allude on HC, there would be more than a 1% gain in the SP and the volume of share traded would be the highest in WKT's history with investors climbing over each other to get their hand on this Life Changing Investment.
WKT management has told you there is no free margin in the next 12 months, Gemcorp will be snapping up any cash above $5mil to pay off its debt and WKT is yet to disclose the free margin Gemcorp is entitled to. Lets put it this way, would you retire all of the LJ debt to receive a free margin of 1-5% on the project profit?
Would you agree with @doubledeckerdog, come back in 3 years' time when the project has gone through all the risk and uncertainty?
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-61
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