HaHa the AU$7.8mil working capital yet to be accessed tranche 2 is proving quite the thorn for Spid news’s. The US$4mil basic Tanzanian domestic overdraft is also weighing in Spid news as Lindi Jumbo has moved to bagging graphite. The possible outcomes with ballon payment, as Spid news describes it, to be received by WKT’s 2nd largest shareholder Jinpeng who has always demonstrated a willingness to work with WKT to resolve any issue is of little concern. Last but not least Gemcorp who has partnered with WKT for the first 2 years of graphite production would also be chasing a positive outcome on first concentrate sales. All this collaboration between WKT, Lindi Jumbo, Gemcorp, Jinpeng, Tanzania and Tanzanian Banks must make it frustrating for Spid news’s as it climbs over 15,000 reports on WKT and Lindi Jumbo’s progress. The shear volume of news reported over many many years tells the real story in my view.
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