Stirer - to clarify - Wogen DO have an exclusive deal with WKT for the entirety of their initially planned 40KTPA. Anything thereafter, yes - you are correct - the grey matter in an otherwise uninformed market (ie; no disclosures have been provided by WKT in this respect) are intangible.
Further to your comments - 18% (should that be the final commission rate payable to Wogen, as I mentioned it is a commercial estimate based on a severe lack of company disclosure) commission is high. There is no doubting that and again - I represent that this was assuming Shipping costs would be no more than 2% total of the remaining 20% (which is being generous), that Wogen would withhold as a cost base from their sales transactions after paying WKT the initial 80%
upfront. Multiply that by the DFS projected figures and suddenly, it appears that everyone is taking a piece of WKT's revenues (Wogen, GOT and GemCorp combined based on what is disclosed).
So, no - I don't believe it is a good deal - it is another desperate deal.....much like BMCG and Gemcorp - but again, that is just my opinion. Time will tell.
And
@Stirer - in regard to your last post.
"and we own WKT, meaning we own them!" Ummmm, no you don't I am afraid. Gemcorp now own the assets over WKT against their debts. Therefore, should revenues not eventuate and loan repayments not be met - they take that lot. They own you.
If you think is not the case - I encourage you to research most delisted ASX companies that have had debt finance secured against the assets of business. This, of course, does not suggest WKT shall end up in the same fate. However, I am such a strong believer in that "actions speak far louder than words"- which subconsciously suggests to me - that by shear virtue of the ramped up twitter campaign from Mr. Mike Elliott recently with every fly on the wall moment on site, concerns are rising. It's like me expressing my every waking moment, lifestyle activity to the forum - much like the parasites on Insta.....
(20min delay)
