Good Morning Names,
It appears Sparecash is starting to lose his marbles.
The 1st of October announcement stated WKT had produced a total of 3200 tonnes of graphite,
The plant was shut down for 5 days, but WKT claimed the average daily production being 50 bags per day during September, It is unclear if the average was for the whole month, or if the output was just on the days the plant was in operation, i.e 25 days or operation x 50 bags = 1,250tones or 30 days x 50 bags = 1500 bags
If the average was for the days that the plant was in operation, WKT would have achieved 60 bags per day, which is slight increase to the volume announced In the 4th of September announcement, WKT disclosed "Production during August has averaged more than 55 bags of bagged dry graphite concentrate a day." 31 days x 55 bags = 1705 bags.
If you add up the production for August (1705) and September (1250-1500), WKT would have produced between 2955-3205 bags of graphite,
This is a little concerning as the production in August and September is virtually the figure WKT stated in the 1st of October's announcement.
"Lindi Jumbo continues to ramp up its production having produced more than 3,200 tonnes of graphite concentrate since first production in June"
WKT has made a slight mistake, as the first production was achieved in early May, But we won't worry about that.
With WKT claiming production was achieved in June, only seeing ~300 tonnes of graphite produced during June and July is extremely dire. We did have Sparecash and the other fake news campaigners, claim numerous trucks were departing the site daily, but this was all a myth, It's amazing how these promoters get caught out when WKT puts out an announcement. It would appear my posts which proved we were seeing the same vehicle in multiple tweets were correct. WKT has not manufactured the volume they had stated.
Anyway, It will be interesting to see if WKT production rates are based on the days the plant operates. it seems unlikely WKT would have only achieved around 300 tonnes of production during May, June and July, which would indicate the averages quoted in the announcements being for a plant operating sporadically during August and September.
That is my take on the announcements, it will be interesting to hear others thoughts.
(20min delay)