Ann: Development Progress - Lindi Jumbo Mine, page-5307

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Stirer

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27/05/24

16:48

Post #: 74029748
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Originally posted by spid81: ↑

Hi Stirer,

As I said, We have a tweet advising it meets WKT's prospective customer's specifications, yet we don't have an official ASX announcement or confirmation the samples have been sent to its prospective customers for validation which is required for the commercial sales, This speaks volumes about the inconsistency of the production WKT is seeing from the plant.

The one bag was produced in early May, it is nearly the end of May, and we still have no announcement confirming that Jinpeng commissioning has been completed or the formal announcement the first concentrates had been produced.

Anyway, I did mention earlier, that any graphite WKT produces has to end up at the bagging unit. WKT would have had at least 20 days of production, yet all Mike and WKT have to show is one bag of graphite, Are they emptying the bags at the FOB to reprocess the graphite to increase the purity or where is the money shot of all the bags of saleable graphite?

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You really are looking quite desperate Spid. Announcements aren’t just for investors. They target potential customers as well. Better to be cautious with what they release until they are sure commissioning is successful. We don’t want them to follow in SYR footsteps and not be consistently producing in spec products. While in the commissioning phase this is good management. Yes investors would want any good news and some future investors would want to see positive results before investing but the company is likely waiting until they are producing consistently.

WKT Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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