WKT 0.00% 9.5¢ walkabout resources ltd

I am very surprised that this announcement has not generated...

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  1. 3,174 Posts.
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    I am very surprised that this announcement has not generated more discussion on the failure of the plant to meet expectations announced only one month ago. From the announcement last week, we learnt that the plant throughput was expected to be only 30 percent of nameplate capacity (see first screenshot below), yet only 3 weeks prior to that on the 7th of June, the company claimed in an announcement (investor presentation), that full nameplate would be achieved in July (see second screenshot below). This again confirms that Cunningham has a penchant for hiding behind disclaimers in investor presentations, whilst making claims that are impossible to achieve. When he is forced to correct the matter via this announcement, a mere 3 weeks later, there is not a single holder brave or honest enough to raise the issue. Indeed, Sparecash7 created another thread in a futile attempt to conceal the facts. When investors are told on the 7th of June that the plant will be running at full capacity in July, then in July they are told that instead it will only be 30 percent not 100 percent, I think they have every right to be very angry.

    https://hotcopper.com.au/data/attachments/6295/6295972-42f5c9e1d8b59bee2e45e76c19da0180.jpg



    https://hotcopper.com.au/data/attachments/6295/6295963-5210dd6838ddccf02a91437109fdbaaf.jpg

 
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