Hi Croc,
It doesn't really matter who they are acting for. all other investors who have been interested in funding WKT have all walked away, Even Canaccord clients weren't willing to invest in the project. Why do you think all of these investors are no interested in funding the LJ project?
And why do you think the best option WKT management has found (other than existing shareholders) has been convertible equity?
Do you know why BMCG wasn't willing to go for round 2, offering WKT another US$10mil of convertible equity, they were the advisors to Canaccords capital raising.
I guess when you see many of the T20 not even take part in the capital raising, have these investors appear lost faith in management and the project?
I am looking forward to reading the QTR report to see how Faro are progressing and what services they have completed for WKT.
Also looking forward to seeing the cash balance and WKT's explanation for how they are going to continue to operate.
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