WKT 1.04% 9.7¢ walkabout resources ltd

Ann: Lindi Jumbo gears up for first graphite concentrate export, page-775

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  1. 16,474 Posts.
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    Morning Croc,

    The Non holders are not fabricating information,

    WKT's ASX announcement clearly stated they expected to hit nameplate capacity in several weeks.

    "It is expected to take several weeks to achieve the 48 hours of uninterrupted production at nameplate capacity to have the plant formally commissioned under the EPC Contract."

    https://hotcopper.com.au/data/attachments/6417/6417222-f62f1ac4e10dd06fd7e67295899a1b0c.jpg
    https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4Q65wRP0v%2BBy67FiGug%3D

    WKT and Mike should update the market as to why the plant still hasn't been handed over, 3 months have passed and the plant is only operating at 50% of its planned production.

    This significantly impacts the company's financial ability to service its debts.

    Any update should include details on the purity levels and flake distribution and advise if the samples to Europe have arrived, it has been nearly 60 days since WKT expected the first shipment to depart from Tanzania, with no news of the vessel making the 30-40 day journey.


 
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