WKT stated in the HYR that they expected to secure a line of credit (US$4mil) from the Tanzania lenders by the end of March. If WKT fails to secure the funds, I can see WKT trying to raise $6-10 mil from shareholders. Price could be anything, you have seen the discounts WKT has previously offered 40% discounts.
It would explain why the LTH are starting to act irrationally, Croc and Gammat are busy making up false information on other companies. Sirrobbo was encouraging WKT readers to go and post on @doubledeckerdog stock. now we have onlyfar claiming this is shareholder manipulation and they won't get hold of his shares.
Then we have WKT and Mike tweeting out daily to encourage investors to buy shares.
Seriously, who would want to buy any shares in WKT, when the project is that far behind its schedule, it has no locked-in offtakes and they are not far away from having to repay Gemcorps high-interest debt,
One also has to wonder if there are any repercussions for WKT failing to deliver the plant within a specific time frame, I cannot see Gemcorp being happy with the plant being 4 months behind schedule and BMCG is unlikely to come to WKT's rescue when they have shares that were issued nearly 6 months ago to sell.
- Forums
- ASX - By Stock
- WKT
- Ann: Development Progress - Lindi Jumbo Mine
Ann: Development Progress - Lindi Jumbo Mine, page-4155
-
- There are more pages in this discussion • 2,236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
CXO
Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
Add WKT (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $73.83M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $13 | 121 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 688952 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 287699 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 688952 | 0.105 |
13 | 589474 | 0.100 |
2 | 120000 | 0.099 |
1 | 130000 | 0.098 |
1 | 150000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 287699 | 4 |
0.115 | 261601 | 5 |
0.120 | 656697 | 12 |
0.125 | 589666 | 12 |
0.130 | 337943 | 6 |
Last trade - 11.47am 11/07/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |