Ann: Quarterly Appendix 5B Cash Flow Report, page-7

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31/07/24

10:34

Post #: 74998284
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Originally posted by spid81: ↑

Hi GGTrader,

WKT only has $4.4mil in cash remaining with an expected operating cost of US$1.4mil per month = $2.14mil AUD.

Considering 1 month has passed, WKT cash balance could be down to $2.3mil

The other cost WKT needs to cover is the Corporate $540k per QTR = $180k per month and Staff costs of $50k per month,

This would drop the cash balance to around $2mil AUD, ( less than one months production costs).

WKT also needs to cover the interest on Gemcorps facilities, they have disclosed they have fully drawn down on the US$20mil loan (19.21% interest rate) and the part of the backup funding US$2mil (21.21% interest)
The monthly interest cost on these loans is around $540k.
When you take into consideration all of these figures which are part of WKT's disclosures. WKT's current cash balance might be as low as $1.5mil AUD.

This isn't enough to cover a full month of production at the mine, cover the interest payable, or the directors/staff costs.

Yet you seem to think a possible bank overdraft might come in to save Investors when WKT hasn't even confirmed if the first shipment of its graphite concentrate has left Tanzania. Sales were one of the requirements of the Tanzania bank.

Good luck investors.

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how convenient for you that you don’t include the sales this month

WKT Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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Last 10.3¢		Change 0.003(2.50%)		Mkt cap ! $68.80M

Open	High	Low	Value	Volume
10.5¢	10.5¢	10.0¢	$19.18K	186.3K

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No.	Vol.	Price($)
10	616651	10.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
10	616651	0.100
4	610000	0.099
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3	230000	0.095
1	120000	0.092

Price($)	Vol.	No.
0.105	143272	2
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0.120	408360	9
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Ann: Quarterly Appendix 5B Cash Flow Report, page-7

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Ann: Quarterly Appendix 5B Cash Flow Report, page-7

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