Ann: Development Progress - Lindi Jumbo Mine, page-6166

The US$20 million was leant by Gemcorp on the basis of commissioning being completed 6 months ago. The working capital that has been spent over the additional 6 months of commissioning (and still incomplete), during which the company is haemorrhaging money, is of great concern. One can see why Gemcorp insisted WKT take out an additional US$5 million of incremental debt funding for the purpose of servicing the debts in the event of the company failing yet again to meet guidance on timelines.

Investors, particularly prospective ones, would like to know the facts on:
a) Tonnes and grade fed into the mill
b) Tonnes of 94 percent concentrate out of the concentrator at various flake sizes into bulk bags.
c) Tonnes of 94 percent concentrate at various flake stockpiled at site, at Mtwara, Dar es Salam and how much has been shipped.

Until the above is announced the share price will flounder.