WKT 3.09% 10.0¢ walkabout resources ltd

Ann: Appointment of Chief Financial Officer, page-41

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  1. 16,478 Posts.
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    Hi Natos,

    Fully aware the long lead items were ordered in 2019, these were completed in early 2020. By memory the manufacture would be paid the additional US$500k when the items were shipped to Tanzania.

    I am surprised you stated the EPC contact is yet to be signed after WKT has spent all of these years working with Jinpeng. It has already been 3 months since WKT announced its US$20mil conditional funding with its Tanzania bank. These contracts are part of the conditions precedent.

    https://www.asx.com.au/asxpdf/20210413/pdf/44vh9kfylkkm80.pdf

    Lets hope the CAPEX for the production facilities are inline with the Pareto update and Jinpeng have capacity to deliver the project within Andrew's forecast time frame of 9-12 months after the commencement of the Civils.

    @BoonTime - Read the second page of the announcement, "Mobilisation to site is expected to commence this month."
 
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