WKT 8.57% 9.6¢ walkabout resources ltd

Ann: Supplementary Prospectus, page-5

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  1. R08
    8,501 Posts.
    lightbulb Created with Sketch. 1834
    Will pictures make any difference when the equation in comparison you plead to receive reads as follows;

    A company with no debt and $46m in the bank embarking on Government backed and funded, Australian first PSG facility, with scope for further and additional Aus Goverment funding to the tune of $40m plus under the critical minerals pathway….

    Versus….

    A company that has $17m in accrued debt, with $1m in the bank (provided by a shareholder LOAN recently, to keep the lights on), embarking on a non underwritten and so far underwhelming retail raise (really, a shareholder webinar to rally support ?), with a half built mine and struggling to receive clarity from their perceived funders around conditions required to effect a debt facility drawdown….

    In this instance, pictures mean nothing. The balance sheets dictate the reality.
    Last edited by R08: 08/09/22
 
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