Hi Sparecash,
I did say there is no free cash in the first 12 months as per the ASX announcement, have you taken into consideration what free cash margin might be possible in years 2 and 3 with the 19% interest rate and the principal repayments on US$20-25 mil.
WKT cannot afford to have the same issues as its southern peer, who had no debt and had significant backing from institutional investors.
Are you willing to admit you were wrong about the weathered oxide mineralisation?
@Croc-file I don't know why you continue to make these claims about SYR & WKT and the Vanadium, if you had any ASX announcement you would be able to provide the evidence to support your claims.
Ann: First Drawdown Senior Debt Facility, page-155
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