WKT 0.00% 9.5¢ walkabout resources ltd

Ann: Half Yearly Report and Accounts, page-151

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  1. 16,662 Posts.
    lightbulb Created with Sketch. 7046
    The pump crew is having a difficult time posting honestly,

    Gammat is still stating BMCG's funds are not required when only a few days ago I pointed out WKT stated it was not expected. One can only assume WKT were already in discussions with the Tanzania lenders for the line of credit, I too would be advising shareholders they don't expect to use this facility if they can secure the line of credit, But if the line of credit failed to be achieved, I would expect to have the ability to draw down on BMCG's funds as the agreement is still alive for another 11 months.

    https://hotcopper.com.au/data/attachments/6045/6045746-19ace4322f6e9b2839b84f1a705e5214.jpg

    We have Stirer and spacecash detailing Gemcorps US$5mil backup funding, yet fail to detail it is an incremental facility, No one knows what restrictions are on drawing down on this loan.

    We have @Rossi70 asking me which bank WKT intends to use, As I pointed out, the working capital facilities from CRDB required 3 years of experience in the same business and for the company to have an income. No income exists.

    No wonder @Red Adair didn't respond, at least he would understand the gravity of the doubt around all 3 of the credit facilities.

 
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