Ann: Development Progress - Lindi Jumbo Mine, page-189

You are a strange one stirer,

WKT had debt funding where they only needed to raise the funds for the SBLC to gain access to CRDB's US$20mil loan, yet they failed to raise these funds from investors, Claiming a successfully CR when you needed an extension of the prospectus period and only just reaching the minimum amount where the company breached the ASX rules in raising the funds, is not a success. It shows a complete lack of interest from investors. here we are now nearly 10 months later and WKT is still trading below the CR price.

no company offers a "priced to sell" capital raising giving away a 50% discount, if they are confident they could have secured funding.

WKT has gone from needing only US$20mil as per the prospectus, to now needing US$10mil from the CR plus the US$25mil from Gemcorp.
As I suggested, you should look back at the prospectus to see where the blow out in the CAPEX has gone.

Do you honestly think the Gemcorp deal with a credit card interest rate, free cash sweeps and their entitlement to take 30% of the free cash margins is better than CRDB's loan and the slight dilution with the SBLC funds?

if you believe anything the company tells you, the mine should have been completed by now if they successfully raised the funds last year. yet you can see clearly the mine is no where close to being completed. So much for claiming the mine would be completed within 7-9 months. Have we reached the 2 year mark yet, or have we extended past this period?