WKT stated in the HYR that they expected to secure a line of credit (US$4mil) from the Tanzania lenders by the end of March. If WKT fails to secure the funds, I can see WKT trying to raise $6-10 mil from shareholders. Price could be anything, you have seen the discounts WKT has previously offered 40% discounts.
It would explain why the LTH are starting to act irrationally, Croc and Gammat are busy making up false information on other companies. Sirrobbo was encouraging WKT readers to go and post on @doubledeckerdog stock. now we have onlyfar claiming this is shareholder manipulation and they won't get hold of his shares.
Then we have WKT and Mike tweeting out daily to encourage investors to buy shares.
Seriously, who would want to buy any shares in WKT, when the project is that far behind its schedule, it has no locked-in offtakes and they are not far away from having to repay Gemcorps high-interest debt,
One also has to wonder if there are any repercussions for WKT failing to deliver the plant within a specific time frame, I cannot see Gemcorp being happy with the plant being 4 months behind schedule and BMCG is unlikely to come to WKT's rescue when they have shares that were issued nearly 6 months ago to sell.
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5 | 220747 | 0.115 |
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Price($) | Vol. | No. |
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