Ann: First graphite concentrate shipment from Lindi Jumbo mine, page-128

Hi TG,

Yes the desperation is showing by the overinvested, it must be hard coming to realise the plant is only running at ~1% of its planned output, and hearing the graphite needs to be reprocessed to achieve a salable product is pretty alarming. How many times must the graphite be processed to achieve a salable product?

You also make another valid point, If you zoom in on your image, you will see pilot orders were imminent, and WKT expected its first sales during CYQ2. Wasn't Friday's announcement confirmation the pilot orders have been achieved, not the commercial orders?




I wasn't expecting the amount of graphite concentrate that WKT produced over the 35 days to be as dire as what was achieved.

It was a big day for shareholders for WKT to achieve one of its forecasts. we know how poor these have been previously.








@SpareCash7 WKT rights to draw down on the Gemcorp loan 2.0 expires on the 30th of September, When you consider the processing facility is not running as expected and the first pilot orders are yet to arrive at its customers for validation, it going to be a long period before WKT can generate enough sales to cover its interest and loan repayments. As Croc mentioned, WKT needs to have 2 QTR of loan repayments (at all times) for Gemcorps loan, WKT will need to find US$5mil for the principal requirements plus cover the interest.



Is the Germcorp US$5mil backup WKT lifeline to secure Gemcorps 2 QTR of loan repayments? It might explain why the facility is undrawn.