WKT 1.00% 9.9¢ walkabout resources ltd

Agree Farmer,Another question investors would need to know is...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 16,529 Posts.
    lightbulb Created with Sketch. 7003
    Agree Farmer,

    Another question investors would need to know is the companies cash balance and if it has secured the US$4mil from the Tanzania bank, or if they have secured a short term loan from shareholders.

    Mikes last two tweets are not a good read,They are running some shifts at 100% capacity, yet other shifts are required to be solely for maintenance, this seems excessive when the plant is brand new, will this only be required during commissioning or an ongoing scenario?

    The second tweet showing WKT stockpiling ore at the ROM port, then reloading the material into the side access point, also seems to be double handling the ore, again is this only required during commissioning or in the evenings, is the crushing circuit to small to provide the 48 hours of production required?

    Last comment, its interesting that the soft surface minerialisation is causing issues with the plant, they have stated they need the fresh mineralisaiton to get the material to work in the pebble mill. This might explain why they are seeing little to no jumbos at the back end when they are already trying to use fresh mineralisation.

    Lindi Large Flake might be the best WKT can achieve with a few Jumbo's being produced every now and then.

 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.