WKT 4.17% 11.5¢ walkabout resources ltd

Ann: Development Progress - Lindi Jumbo Mine, page-4382

  1. 15,663 Posts.
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    How am I not surprised that the pump crew is missing critical information?

    They have failed to mention the backup generators US$1mil, Jinpengs US$700k balloon payment, the significant blowout in construction, which has additional costs, the loan interest (US$320k per month), corporate costs, directors fees, etc. or WKT's requirements to hold US$4.2-5mil in cash to meet the requirements for Gemcorps loan facilities.

    Yet they are still selling WKT is flushed with cash. Anyway, we will see how dire WKT finances are next week, we can then all calculate how much cash WKT has available once we take into consideration all of the above.
 
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