Hi Sirrobbo,
yes it was a good announcement it has backed up commentary that I have previously made.
WKT expects to hit 40ktpa production rare ( full operation) within 4 months, this will be achieved after the several weeks to achieve 2 days of operation.
What you and the pump crew neglect to mention is the recoveries on contained graphite, WKT expects it to take 12 months.
I had pointed out SYR, Molo, and other companies having these delays and the significant amount of capital they required to keep the lights on, with WKT having 4.2mil in cash and no meaningful sales to cover the US$4.2mil opex per QTR, the balloon payment to Jinpeng, mining, corporate and the all important loan repayments, its only a matter of time before the tin is presented to secure these funds.
keep on pumping, you all sell stories of profitability, yet none of you are buying.
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