It's probably a two-way bet, BB. What we do know is that the...

It's probably a two-way bet, BB. What we do know is that the market loves a dream and not reality. That's what makes WKT's marketing and ramping so effective in getting the SP up. That's where are guys in BSM are falling behind miserably. But, if WKT's update on funding is nothing more than a turd with a ribbon on it (again) then the unsuspecting are in for a scorching in a few weeks time.

Btw, what the hell is "quasi-debt-convertible" as per a WKT 121 Conference presentation?



I reckon, like you, shareholders are going to be in for some unpleasant shocks... either by way of further delays (aka a deal is not in the bag but just a marketable "loan agreement offer") or by way of some nasty conditions and clauses (if a deal indeed is being done now and announced soon).

No wonder Mike Elliot and the rest of the T40 mob keep banging on about the resource quality... they don't want to face the reality that management have yet to fund the project after so long. One thing for sure is that things are going to get interesting by mid to late next month throughout the G-space.