Hi Blitzen,
I don't know why you place so much emphasis in the T40, if the t40 wanted to fund Lindi they would have done this years ago, instead management has gone from lender to lender to try to find someone willing to fund the project,
You only need to see how desperate these T40 shareholders are, posting daily about how fantastic the project is, claiming funding is coming any day now.
If these investors knew funding was going to occur, they wouldn't ramping here every day to push the share price up. They would be sitting back watching the SP fall and buy every share they can.
Last month the T40 increased their holding by around 1.3mil. With the total monthly trades for August was 8.1 mil shares traded, this is a good indication that the T40 is trading WKT considering the T40 holds nearly 49% of the registry.
Tightly traded seems to be more likely.
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- Ann: Lindi Jumbo Graphite Project Funding Update
Ann: Lindi Jumbo Graphite Project Funding Update, page-1267
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