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.
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9.4¢ |
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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¢ |
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Price($) | Vol. | No. |
---|---|---|
9.4¢ | 31954 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.092 |
1 | 45897 | 0.091 |
2 | 15666 | 0.090 |
1 | 51245 | 0.089 |
2 | 58000 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 31954 | 1 |
0.095 | 5315 | 1 |
0.096 | 37788 | 1 |
0.097 | 5000 | 1 |
0.100 | 5000 | 1 |
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