Thank you for proving my point, you are unwilling to concede that WKT may not ever produce the coarse flake as per the DFS, Mike and Andrew have both confirmed the company hasn't achieved the desired flake size they need to achieve and they have also confirmed the purity is yet to be achieved, we all know you have to grind down the graphite to increase the purity. This causes further loss in flake size. The more flake size loss the lower the price, yet you are assuming everything is going to be perfect.
Did you read SYR's announcement which WKT referenced? You probably didn't because WKT quoted the wrong date of the announcement.
Anyway, you might want to skip that announcement and read their QTR report which includes the market update and the companies quarterly sales.
You will quickly see, in the last 3 months their processing facilities only produced 20kt of graphite, this means their plant is only running at 22%, yet you seem to think the coarse flake graphite market is booming, I am sure if this was the case, SYR would be running the plant to take advantage of the increasing demand in coarse flake and they would be stockpiling the smaller flakes, yet they have almost complete exhausted their 30kt stockpile at Balama.
Hi Dan,
No one is buying WKT. it's pretty concerning, isn't it?
So far today we have $200 traded.
When you consider Mike is tweeting daily which sees between 600-900 individual views, the presentation from the other day along with all the marketing by the WKT pump crew, why isn't there more buying interest? We have the WKT HC promoters selling dreams of a higher SP and revenues have been just around the corner for the past 6-12 months with no sales yet to occur, the company is yet to advise it has now shipped its samples to be validated by its third parties.
WKT management appears to be very open about the risks of commissioning a new mine, Which is great to see, yet the HC promoters are still selling dreams of rainbows and unicorns and advising the issues that have played out with every other new mine won't happen here, Yet WKT has disclosed they are suffering the same issues.
WKT Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
(20min delay)