WKT 2.17% 9.4¢ walkabout resources ltd

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  1. 1,855 Posts.
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    It was great to meet the directors and shareholders of Walkabout Resources in Sydney this evening.

    I was pleased to see a high level of engagement from all interested parties.

    The forum gave me the opportunity to have some good discussion with board members and shareholders. The key takeaways from me are:

    -Payments under RAP have begun, company is now entitled to land access on a substantial portion of the site.
    -Contractor has been engaged to commence mobilisation on site.
    -Binding Offtakes are very, very close.
    -Finance offers have been on the table however management believe they can get a significantly better deal
    -The production figures can be significantly increased with a relatively small amount of capital. (This would be pending future demand)
    -There is a lot of interest in the Northern Ireland and Scotland projects....and for good reasons.

    In my opinion, we should expect a few good price sensitive announcements in the coming weeks to the effect of:
    -Earthworks have commenced on the Lindi Jumbo Project
    -Walkabout signs it's first Binding offtake agreement
    -Walkabout signs another offtake partner.

    I think we all know that these offtakes, from large, reputable customers will be the key to getting the finance for the Lindi Jumbo Project.

    I'm confident I have made a life changing investment.

    A few weeks ago, a few people I know missed out on some 11c shares because they didn't want to pay .5c more. I suspect in the very near future, even 15c will look cheap.

    Having looked over the figures, fundamentals and comparatives again and again, I just can't seem to work out why the shares are still so cheap. Yes there is Finance risk, but this is a world class resource that is very close to reaching production stage.
    Last edited by Natos: 28/03/19
 
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Last
9.4¢
Change
0.002(2.17%)
Mkt cap ! $63.09M
Open High Low Value Volume
9.4¢ 9.4¢ 9.3¢ $22.41K 240.5K

Buyers (Bids)

No. Vol. Price($)
1 100000 9.2¢
 

Sellers (Offers)

Price($) Vol. No.
9.4¢ 31954 1
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