Hi Sparecash,
The material WKT is currently processing is the soft surface mineralisation, it is free digging, The fresh mineralisation requires drill and blast.
You seem to think WKT is flushed with cash, This is just a fantasy, they have detailed they needed US$4mil as a line of credit which was expected by the end of March, Now we see a ramping investor report, that uses many of the same assumptions as the IIR report, the same graphite price and so-called free margins. Seems a little suss doesn't it?
Knowing the only time Vested Equities has covered WKT is during a capital raising period, it does highlight the uncertainty of WKT funding. I have long held the view that WKT will need more funds. I cannot see any other option for a company that has no revenues and is yet to commence production,
Interestingly, the coverage advises WKT will miss its forecast to produce graphite concentrate during the first QTR, Maybe you need to call them up and abuse them for making this statement, You have been abusing the nonholders for saying WKT has little chance of achieving first production in the first QTR.
Anyway, you have been wrong with all of your assumptions, yet you continue to claim my very accurate calls are wrong.
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Hi Sparecash,The material WKT is currently processing is the...
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