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Rocky87

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29/03/19

00:14

Post #: 37921545
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Originally posted by Natos ↑

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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Thanks for the great report.

Our time will come soon

WKT Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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