Hi Croc,
No need to educate me, direct your posts at Mike who made the incorrect call.
As I said earlier, he must be stressed.
@Charter1 you are aware Gemcorps loan had a 3mil fee attached to it, plus a 19-21% interest rate, add in the free cash grabs to repay debt and a possible 30% of free cash if the debt is paid off, plus they have security over all of WKTs assets.
Its extremely lucrative, I honestly cannot believe WKT passed up providing a suitable SBLC for CRDBs loan, which only can with a 9.5% interest rate.
Desperate times call for desperate measures.
Anyway, here are 12 months after the life saving CR and the mine still isnt completed, amazing how these timelines keep passing by.
@sirrobbo can you put up the Bios again.
Ann: Development Progress - Lindi Jumbo Mine, page-1729
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