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Ann: Lindi Jumbo gears up for first graphite concentrate export, page-76

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Stirer

4,148 Posts.

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02/07/24

22:23

Post #: 74577095
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Originally posted by spid81: ↑

Yes Stirer, US$5 mil to cancel the 30% cash sweeps.

The US$2 mil is the cash injection WKT needs to change to the loan agreement terms.

@SpareCash7 thanks for adding that tweet, Mike said slow and incremental on the 30th of may, now we have DFS recovery one month later, And the 12k tonne stockpile has been processed, but we have no evidence of the 1500 bags of graphite that should have been recovered.

something does add up, well there are lots of things that dont add up. Just like the 19% TGC grade WKT was processing (17k tonnes stockpile) which magically droped 5-6% in TGC grade after going through the crusher.

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it won’t cancel the sweeps, the sweeps are an extra payment off the principal loan.
The $5m will cancel the kicker percentage of what is profit after loan payments and taxes up until June 2026

WKT Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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