Management must be getting a pretty good deal from the lender to make it a worthwhile wait. I really think it is a case of patience being rewarded.
WKT have a fantastic resource and excellent profitability figures for Lindi.
If the lender's capital component is calculated in reference to VWAP, it would appear the longer they drag this out, the more upside there will be for them.
I would be very interested to know where the proposed Debt/equity split is currently sitting.
Charting 2.0, page-983
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