Hi J-Broad,
It all depends on Gemcorp funding if the current SP an "absolute gift", WKT's Gemcorp announcement on the Term Sheet detailed,
"Drawdown can occur for approved expenditure and repayment of interim funding as soon as formal documentation is complete which is expected to be early May 2023"
WKT has already announced they require up to US$25mil to complete the mine, commission the mine and provide working capital. The backup funding doesn't provide the same level of funding. i.e WKT will need additional funds from somewhere to get the mine into full production.
If funding doesn't arrive in this week, IMO investors will start thinking this funding option has failed and panic might set in.
Ann: Adopts global standard in ESG reporting, page-71
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