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9.5¢ walkabout resources ltd

Don’t be confused and don’t worry your little head. You don’t...

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Cadel

1,468 Posts.

1270

06/03/23

08:41

Post #: 66616538
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Originally posted by R08: ↑

Honestly….I am confused by the structure of these deals.

- We have the bridging loan at $1.6m.
- Jinpeng to be issued 25m+ shares at 11c = circa $2.75m.
- A drawdown of US$4.4m on the BMCG standby funding (which many here claimed wouldn’t be used) = circa $6.4mAUD
- TNR vendor finance package to $1m

= total expense of circa $11m AUD.

And Jinpeng get milestone payments of circa $700k+, same with BMCG commitment fee at $700k+ and Faro receiving shares worth north of $50k.

The company rightly points out the need to communicate revised cost structures shortly.

A found the reference to 3 months worth of funding is still in place pending the drawdown of any debt funding.

A convoluted mess.

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Don’t be confused and don’t worry your little head. You don’t own anything here so just go and have a happy life. Are you confused about the fact that they just keep building the mine.

WKT Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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