"should we discuss the US$7.2mil combined working capital of Wogan’s US$3.2mil and the US$4mil Tanzanian domestic"
Hi Sparecash, According to WKT's own announcements they are yet to secure the US$4mil Tanzania funding and the Wogan working capital facility is only available when WKT ship graphite concentrate.
Wogen's agreement, In simple terms, WKT is only paid 80% of the value of any shipment, Say WKT ships 1 tonne of graphite valued at $1000, Wogen will give WKT $800k once the shipment is loaded on to the ship. The rest of the 20% will be used to pay for shipping, transport, fees, etc.
If WKT secures no customers (currently has none) or fails to produce a graphite concentrate (yet to produce one kg) which matches it prospective customers requriements, this facility won't be availalbe.
Why do you constanly mislead investors by not mentioning these risks?
Or discuss how the agreement with Wogen doesn't become binding until after WKT hits the annual export rate of 15,000 tpa?
My assessment of all of WKT's likely back up funding or working capital facilities, they are not as certain as you claim and there are risks that all of these will have issues with drawing down or with WKT using them.
You would make a great used car salesman Spacecash, you would be fantastic at selling those lemon's.
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