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9.6¢ walkabout resources ltd

More likely they have made last draw down on senior debt Tranche...

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doubledeckerdog

4,889 Posts.

1094

10/09/24

21:13

Post #: 75616586
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Originally posted by Stirer: ↑

LINDI JUMBO CASHFLOW
During August, Lindi Jumbo made what is expected to be its last draw on the senior debt Tranche B facilitytaking the drawn amount to US$4m. Two Tanzanian domestic banks have provided Lindi Jumbo with creditapproved overdraft facility proposals for US$3.6m-$4m. The overdraft facility will largely be used to meetdifferences in timing between receipts from sales and local operational costs. Lindi Jumbo is currentlyevaluating these offers. To become effective, both Company and senior debt provider approval is required.

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More likely they have made last draw down on senior debt Tranche B before the CR!
They don’t have adequate working capital.
Using debt for working capital is a very dumb idea.
Just you wait!
DDD

WKT Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $64.44M

Open	High	Low	Value	Volume
9.7¢	9.7¢	9.6¢	$3.316K	34.24K

Buyers (Bids)

No.	Vol.	Price($)
2	97217	9.6¢

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Price($)	Vol.	No.
9.7¢	5422	1

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No.	Vol.	Price($)
2	97217	0.096
1	50000	0.095
1	50000	0.094
2	58543	0.093
2	18924	0.092

Price($)	Vol.	No.
0.097	5422	1
0.098	135657	3
0.100	231162	2
0.105	75598	2
0.110	220258	5

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