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Ann: Development Progress - Lindi Jumbo Mine, page-193

  1. 3,851 Posts.
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    The extension was only because of public holidays over multiple states and when the Queen passed away they added another one.
    CRDB wanted the full amount borrowed to be secured, are you suggesting WKT should have raised the full amount to secure a loan they wouldn’t have needed. You are the strange one.
    The existing shareholders raised nearly all of the minimum amount needed. This was a great result for shareholders. Nearly all the additional share added were retained within the existing shareholder group.
    We can see now that once BMCG had sold off their shares issued there is now minimal supply to sell. Not much interest in Graphite all round atm but once investors see Lindi producing to spec and product being sold then I think WKT will be distinguished as a reliable graphite producer.
    The credit raise price was at 11c and WKT has been trading over that for the last month. You are very deceptive with your narrative.
    we all know why the construction has been delayed but as announced the costs of the delay is minimal compared to the inflation spike over the same period. WKT locked in majority of the contracts to fixed prices before this inflationary cycle kicked in. Another successful outcome for shareholders.
    I know it’s hard for your to admit you are wrong and WKT is leading the way in Tanzania Graphite industry and you backed the wrong horse. Jealous is a curse as they say.

    Last edited by Stirer: 13/09/23
 
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