I am not sure what you think I am wrong about, WKT's QTR report once again confirms I was correct, it details the mechanical installation team has now arrived on site, which matches Mikes Tweet. This is 2-3 months behind WKT's timeline.
The Tanzania Bank would want to hurry up with advancing the funds for the lindi jumbo project. the QTR cashflow report showed the company only had enough funds for 6 weeks, as you know WKT needs to pay for the equipment shipped from China once it arrives in Tanzania. It will be interesting to see if WKT needs the US investors remaining funds as a short term funding solution if the Tanzania banks funds are not released ASAP.
It even sounds like WKT is struggling with securing its shipments to Tanzania, ships need to wait 3-4 weeks before they can unload and WKT sees this continuing in the foreseeable future Did you miss that part? Considering WKT hasn't shipped its last items from Tanzania, the delays are going to extend well past WKT forecast time frame. 2 weeks of shipping plus 3-4 weeks waiting for the access to the port, plus the 1 month of customs, If the last ship left today, it wouldn't be on site ntil July.
WKT Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
