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21:17
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Originally posted by dan_stewart83:
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Perhaps it's termed theoretical because in ramp up stage the current opex costs are variable day to day whilst the ramp up stage is finalised. Some days there is more plant down time than other days so breakeven is still fluctuating. Also, the breakeven point is referred to by number of bags sold, which is based on sales prices. Perhaps there isn't enough of a sample size on sale price yet to give a firm number, hence the range of prices and theoretical Breakeven point. Regardless, it is clear from the announcement the company has indicated that they are now producing enough product that once shipped is exceeding Breakeven.
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Yes the naysayers always use the CR threat to stop potential investors from buying. It is the oldest trick in the book and very effective for potential investors that haven't done their research. WKT is still in the ramp up stage and sales figures should be quite solid in the first quarter of 2025, that's when we will have a good idea on how much profit we are making. The overdraft facility puts the CR rumours to bed.
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