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."
Hi Natos, Fully aware the long lead items were ordered in 2019,...
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