Ann: Expiry of BMCG funding facility, page-27

If my reading of the Gemcorp loan facilities is correct, WKT is expected to require all but $400k from the first US$20mil loan.



In September 2023, WKT updated the market where it advised it was going to purchase the backup generators at an additional cost of ~US$1mil, Which I can only assume would come out of the Gemcorps backup funding of US$5mil/ the remaining equity available in trench 1.






What is more alarming, these generators were expected to arrive on site in October, it would appear my commentary about WKT forgetting to order these generators is correct or they didn't have the funds available to have them sent back in September, here we are 4-5 months later and they are still yet to arrive.

It's going to be interesting to see the March QTR cash flow report. it appears some of the forecast costs WKT expected have been delayed, i.e. the backup generators, the commencement of mining etc.