Future injection of a minimum of US$2m to Lindi Jumbo to bolster project cashflows, page-33

Hi Stirer,

Yes the first shipment was expected to be shipped in early July (no confirmation it has been shipped)

As you would know the first orders are to be validated by WKT's prospective clients, As you would know the DFS forecasts the purity to achieve 97% TGC, We know WKT has achieved 92% and up to 95% TGC on some runs, Will this purity be acceptable to the testing partners.

You fail to mention the shipping time to Europe, it takes 30-40. If the shipment has already left, the testing period won't start until mid to late August.
WKT details that some clients need weeks/months for confirmation, I will be surprised if WKT sees additional commercial orders prior to September.

Anyway, I would have thought the following would have been enough evidence to confirm commercial sales and profitability are a while off, when the WKT states they intend to for additional drawdowns or Gemcorps remaining facility in July and August and the first principal repayment has been pushed out 6 months to December 2024.



Anyway, Interesting the terminology for the Tanzania Bank loan has changed, "Bank Overdraft" Previously WTK stated they were trying to secure US$4mil for a Working Capital Facility.



March QTR report
https://hotcopper.com.au/threads/ann-quarterly-cashflow-report-amended.7998072/






https://hotcopper.com.au/threads/ann-half-yearly-report-and-accounts.7903989/