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Ann: Development Progress - Lindi Jumbo Mine, page-6685

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Tradewyns

159 Posts.

51

07/08/24

07:44

Post #: 75101310
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Originally posted by SpareCash7 ↑

The announcement states a future cash injection of US$2mil @dan.stewart83. It also states it’s purpose is to
boost project cashflow which can be taken a couple of ways. The obvious one is to upgrade the existing plant to 60ktpa which has already flagged by WKT where minimal capex is required. All this will become much clearer once refinancing takes place. The US4mil overdraft would most likely now be in place and the balance of Gemcorp’s US$5mil working capital is also still available. 2+ trucks a day and growing will take care of things until all is revealed. Did someone say we are now producing all grades including super jumbo. No not Spid news or fake news, they’re still talking fines as their reputation takes another beating.

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Bring back the 'hard evidence' thread I say.

WKT Price at posting: 9.8¢ Sentiment: Sell Disclosure: Not Held
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Last 9.9¢		Change -0.001(1.00%)		Mkt cap ! $66.45M

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