Hi HKP,
I am glad we agree funds are required, the only dispute is when these future funds will need to be injected into the company.
Did you read the part in the announcement which stated the Lindi Jumbo mines operating costs were expected to be around US$1.4-1.5mil per month?
You can start to piece the parts of the puzzle when they stated they intend to draw down additional funds from Gemcorp during July and August.
I have assumed the smaller amounts WKT would drawdown would be US$1.5mil each.
Anyway, I am sure we can get more pieces of the puzzle when WKT puts out the QTR report, or we see a tweet from Mike advising the first shipment has left Tanzania, did you know it takes around 30-40 days for ships to arrive in Europe? This wouldn't leave many days in the QTR for the likely customers to validate the commercial production and place their first commerical orders.
@GGtrader what are your thoughts on this matter?
No doubt you will be looking to add to your holding.
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