Ann: All EPC equipment to be shipped from China, page-149

Here are the facts

1. speaking of facts can you show us where a contractor was forced to take shares.

We have discussed the likelihood of Jinpeng wanting shares already . The announcement came after the involvement of Faro who specialise in keeping the wolf from the door.. Jinpeng taking shares in lieu of payment is part of the outcome..Don't insult others intelligence by claiming otherwise.
Negotiating from a position of we dont have any money but want our custom made stuff that you have built and been hanging onto for over twelve months waiting for payment and can't sell anywhere else... Yep that's real negotiation.


2.BMCG approved backups funds to complete construction

Backup funds are conditional, just like the Tanzanian Bank Loan... how did that turn out?

3. Jinpeng OFFERED to be paid in shares to complete construction

See item 1

4. TNR has agreed to defer most of the payments until after construction.

Exactly as I stated... why have they deferred...? because they can't get paid due to WKT not having the funds for construction.

5.Directors and Shareholders have loaned enough to cover the next couple of months to continue construction

Exactly as I stated.. why are they having to provide bridging loans for the second time? Because WKT are building a mine without the funds to hand.

6. 4 loan offers are currently being assessed for complete funding to complete construction.

Well it was six according to the announcement, now back to four...Lets hope its not like the Silk Road Funding offer... Do you recall how that was described by one of the board? I would have to go back and look up the exact wording, something like " it was akin to giving the company away" but clearly it wasn't acceptable.. Let's also hope it is not like "the two banks in play" where WKT ended up with neither.

No one has been forced into anything it negotiating.

See item 1. No money no payment for works completed to date...Work with us or lose your money. That's your negotiating.