OZNT @ozntThank you for the continued updates and outstanding...

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29/03/19

08:41

Post #: 37922856
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Originally posted by oznt: ↑

The 1 hour window after the presentation IMO is not long enough for topics of discussion.

T40 discussion points are having to be spread out over the 3 forums.

Asked about all the engineering plant work we have done and paid for with Jinpeng.
AM confirmed Engineering Plans & Design for the Plant including the IP is owned by WKT.
(instructions will also be in English ; )
I am very much aware of problems that can arise for plant expansions and additional plants in future.
Very pleased to know WKT owns this.

The 16% free carry raised - GoT still working out how that works and the mechanisms required.

5% of the project in country. (This is NOT 5% of WKT)
This was a question I raised with AM approx. 9-10 months ago as this forms part of the ML conditions.
At the forum I questioned if we have a local investor, bank, or govt lined up and how this was being done, thinking this may be another piece to the funding puzzle.

AM covered off that the GoT has no capacity to contribute.
Most likely a Trust for the Village that the company provides to them as a loan that is paid off with dividend streams. Better proposition IMO and supportive of that concept.
No decision has yet been made and frameworks to be explored.
We do have to do something to comply with our ML conditions.

Did question when the valuation point of this would be done.
eg: at the value of the project at time of ML being granted or when the project is built and operating.
This is new for the GoT and we no doubt will lead the agenda for others to follow in future.

Did not have the opportunity to discuss why this is not in the DFS or the latest Research Report.
Will do this in Melbourne.

Discussions on the other adjacent PL to our ML that was split into 2 as per the GoT rules with the 4km of Graphite strike. AM referred to this area becoming a future Graphite District and that the PL may be spun out into another entity in the future.

Binding Offtake/s coming very soon

Progressive RAP payments have been made and the process has been supervised / audited.

Partial mobilisation occurring - NOT full mobilisation.
This will be so as to conserve funds while funding ongoing.

The RAP has a timeframe now ticking and the RAP will need to be paid in full within a set future date or that process starts all over again and WKT loses creditability with the citizens in the village and GoT.
That date will be asked at the Melbourne forum.

The new slogan - CLUB FUNDING.
A series or group of funding alternatives that will need to be stitched together under the same financial terms for all parties will be a significant challenge.

Questioned what the likely hood of some funding being released to keep up the momentum of the project.
For example - a 10M tranche being released early ? Funders would not release until they have line of site of the remaining funding facilities / tranches.

Quite a number of shareholders at the Perth forum from the Coal days. These existing shareholders are not educated on the graphite and do not properly understand the variety of factors what determines our Graphite Deposit as WORLD CLASS.

Evident there is a lack of digestible information and guidance by the company, pro's and con's of what is a good graphite project and a risky project. Very limited understanding of the upside of the Lindi Jumbo project and that of the other projects.

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OZNT @oznt

Thank you for the continued updates and outstanding work.

Simple questions and i know about a topic that really excites you.!! Iam very surprised no has reported on it and cant believe the question wasnt asked!

When will the Dalradian Prospect be drilled ? Is there significant anti mining opposition in the area ? will drilling of the 4 targets confirm the source / or lack of

Thanks in anticipation

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