Ann: AGM Presentation, page-213

Croc, I am sorry to hear that you don't understand the agreements,

Wogan only needs to buy 10,000tpa of graphite from Lindi, they have no legal obligation to purchase 1kg more than the binding amount of 10,000tpa.

7 Years - You seem to be getting confused between loan term, and the term of the binding off take agreements (graphite sales) that need to be 5 year agreements. Stop misleading investors, WKT only has 25% of its planned production secured under binding off-take agreements, until WKT secures binding off take agreements for all of their planned production, they have zero chance of obtaining bank finance.