As of WKT September’s quarterly, only AU$16mil had been drawn from Gemcorp’s $US20mil tranche 2, leaving AU$15mil still available Spid. With AU$4.3mil of the the already drawn AU$16mil used to replenish WKT’s company funds previously used on Lindi Jumbo’s construction. Do you think it’s reasonable to be making CR calls when as of WKT’s last quarterly they had technically only used 40% of Gemcorp’s tranche 1 US$20mil with US$5mil still available in tranche 2. 59 permanent workers are expected on site in February suggest Lindi Jumbo will be close to fully operational. WKT directors have given the green light to graphite concentrates Q1.
Ann: Development Progress - Lindi Jumbo Mine, page-2165
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