Ann: Expiry of BMCG funding facility, page-310

Hi Stirer,

The 4 months is to achieve the throughput rate of 40ktpa, This means they expect it to take 4 months to reach the intended 300,000 tpa.
Some graphite will be produced, but it won't be at the ~90% recovery, i.e they will all the costs associated with running the plant as if it was producing 40ktpa yet the output is going to be low. Once WKT achieves this, they expect it to take another 5 months to reach the output of 40ktpa of graphite concentrate,

Its very simple to understand yet you guys have no idea what you are talking about and are that over invested that you cannot see the funding black hole.

Where did the 20% come from, it came from other industry peers' recovery/ramp up of graphite recovery, I have told you many times to go look this information up so you will stop misleading the forum, yet you continue to only focus on the 4 months to get the plant operating at the intended 300k tpa throughput and are unable to focus on the time required to achieve the recovery/profitability.

@SpareCash7 Where is that $6mil AUD you claimed WKT had at the end of the December QTR, It's amazing you were out by 1.2mil, yet you didn't correct your misleading statement or say sorry to me for claiming I was wrong, I told you WKT intended to use all of Trench 1's funds and this didn't include the blow out in the time of construction, increased cost of the loans due to the 19.31% interest rate, corporate costs, directors fees orthe back up generator costs.

This is why its clear to me that BMCG didn't mutually agree with WKT about the removal of the back up ~$14mil, it provided WKT with quick access to funds, you should be able to see clearly now that these are required with the long delay to ramp up production (once the plant is finished) then the additional 5 months to achieve the DFS recoveries. Add in the shipping delays, customer qualification and the fact WKT has no locked in sales agreement, I wonder how much longer it will before WKT bites the bullet and grabs more funds.