Ann: Development Progress - Lindi Jumbo Mine, page-5892

Hi Sirrobbo,

Thank you for sharing that tweet, Stirer had already uploaded it twice,

I thought this was WKT's third shipment, I was going back through Mike's tweets,

The first one was on the 7th of June.



It wasn't until I noticed WKT had shipped two loads on the 14th of June which seems a little odd, I started to question the shipments, then it clicked, we had the marketing video showing the first shipment leaving the site on the 7th then the series of tweets showing the weigh bridge ect. You wouldn't do this type of marketing for the second shipment, but it would for the first load.





From my interpretation of Mike's tweets, it appears there are only two shipments, the 12m container that was loaded on site which is the first shipment shown in the 7th and 14th of Junes tweets, might only have 24 bags of graphite in the back of the truck, 2 bags wide x 12 bags long x 1 row high. the second shipment in your image is also likely to have a similar volume of 24 bags.

If its only 48 bags of graphite to depart from Lindi, why are we not seeing the other trucks that Mike suggests are more frequently leaving, We can interpret this in many ways, having the first shipment being confirmed on the 7th of June after the first bag of graphite was produced on the 2nd of May, then seeing a second shipment on or around the 14th of June, the frequency had increased, but this also suggests the production/output at lindi is not high were it is taking a number of days/weeks to stockpile enough graphite to warrant a shipment.

As I said earlier, instead of us speculating on the number of shipments or the volume of graphite being shipped from a few tweets, WKT should be open and transparent on these points for investors to make an informed investment decision.