Ann: Quarterly Appendix 5B Cash Flow Report, page-3

First 3 Last

Share
Profile

Follow
SpareCash7

2,666 Posts.

1004

01/11/23

08:23

Post #: 70656667
Share

Originally posted by semi retired: ↑

Lindi Jumbo Constuction progress is going very well , Mine 93%- 97% completed with total available funding remaining $19.389 million is very robust , Lindi Jumbo with upgrades and cost overruns of $34.5 million is a bargain for WKT investors and a pain in the rear for Sqid and co, Lindi's capacity of up to 60,000 TPA in a rising graphite market is perfect timing to commence commissioning in the next few months , those bagging WKT will look like fools when they realize our graphite peers are 3 years away of getting anything but a small red mixer to start the mine works.

At the end of the quarter, the final estimated capital cost for the mine was US$34.5m net of VAT. This includes scope changes of $3.8m (with the bulk incurred in 2021). The impact of these scope changes and the prolongation of the delays in project funding and COVID19 have been mitigated to approximately 4.2% of the forecasted final capex value. With conclusion of the earthmoving and civils contract imminent (98% complete) and the EPC contract being fixed price, there is limited scope for material changes in the projected total capex resulting from indirect costs from any further unforeseen delays.

Cash and cash equivalents at quarter end (item 4.6) 4,352 8.5
Unused finance facilities available at quarter end (item 7.5) 15,037 8.6
Total available funding (item 8.4 + item 8.5) 19,389

o Zero lost time injuries for 643 days.
o No significant health, safety or environmental incidents.
o Tailings Storage Facility (TSF) works 93% complete at quarter end, with HDPE liner installation progressing well.
o Planned essential civil works 97% complete.
o Erection of building structures in progress.
o Costs of funding delays on capex minimal, recorded at 4.2%.
o Grid power delivered to site, with a strategy to improve risk of redundancy and continuity of supply.
o Construction remains on track for completion before year end

Expand

The Lindi project is now one month on @semi retired. It’s easy to see now why initial commissioning will commence shortly.

WKT Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 142 more messages in this thread...

First 3 Last

Add WKT (ASX) to my watchlist

(20min delay)
Last 9.5¢		Change 0.000(0.00%)		Mkt cap ! $63.76M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Quarterly Appendix 5B Cash Flow Report, page-3

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

Featured News

Featured News

Ann: Quarterly Appendix 5B Cash Flow Report, page-3

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

Featured News

Featured News