WKT 0.00% 10.0¢ walkabout resources ltd

Ann: Development Progress - Lindi Jumbo Mine, page-6043

  1. 2,990 Posts.
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    There's an interesting tension between full disclosure and shareholder interests. Legally the company must declare production results on a quarterly basis, not a daily basis. Judging by all the daily tweets the company is trying to put its name up in lights BUT releasing details of production to date is apparently NOT in the interests of shareholders.

    Whilst some revenue might land in the company's accounts prior to the end of June, Lindi cannot possibly be profitable at this stage. Its a question of how much cash is haemorrhaging out of their accounts.
 
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