Ann: All EPC equipment to be shipped from China, page-13

Hi Rob,

If you consider most of the equipment Jinpeng has manufactured would be designed and specifically for the Lindi Jumbo Graphite mine, What options did they really have other than to agree to being paid in shares?

Most of this equipment has been sitting around awaiting dispatch for ~12 months.

No doubt the bulls around here will sell the success of the agreement where shareholders will suffer more dilution.

I really wonder why they need 30 mil options in18 months time ($7.5mil), it doesn't sounds to me the company isn't expecting to be cashflow positive once the mine comes into production and it doesn't really give investors much to look forward with the company only expect the SP to be around 25c in 18 months time.

Anyway, lets hope WKT can clarify the BMCG deal which is currently conditional. I would hate to see the companies alternative funding options fail and the debts WKT have accrued needs to be paid by another highly dilutive CR.