WKT 0.00% 11.0¢ walkabout resources ltd

WKT Batphone to the President of Tanzania, page-3

  1. 282 Posts.
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    Possibility of GoT investing directly in Lindi?

    I don't think there is any risk of Lindi NOT making it to mining.

    Additional sources of investment:
    - GoT (President is from Lindi region and would love the jobs and tax revenue)
    - T40 (I'm sure somebody could sell an overseas holiday house they haven't used because of Covid)
    - Large future customers looking to ensure they can get supply
    - Chinese State owned companies looking to ensure they can get supply
    - Other mining companies looking for more growth for their share holders (I'm sure Mike has some connections....)

    WKT is currently a small company that is likely to become a large company in the next 5-10 years. Once Lindi is close to or has proven production capability that would be the prime time for a take over before the cap gets too high.

    Spinning off Lindi alone could be worth A LOT and set the company up for years to come.
    Could a stage 1 production proven Lindi be worth $1/2 B? That would allow the company to return 20c a year in dividends for a few years and have plenty of cash to develop the other sites.
    Does WKT want to be a mine development company or a mine operator?
 
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