There lies the problem Rossi. Limited supply is causing low volume days. Making it difficult for some to purchase at any great volume. Not a bad problem to have when you are expecting our funding strategy to be released in the coming weeks like me. Oh and the rerate that comes with it.
Wording from the Quarterly should be taken on face value IMO. Management understands the road it's taken to get to this point and should be credited for the way the Quarterly was written. RAP Ppayments, long lead items secured and initial earthworks were not a foolish move as some here are trying to portray. They have reaffirmed to the Tanzanian Government WKT'S commitment to this project and their ability to see it through to full production. This is the real deal with a world class resource and not some wannabe specy stock.
For those that haven't read the Quarterly, here's a small but very important part of it and WKT Management's continued full commitment to funding Lindi's Super Jumbo Expandable Graphite Project.
Good progress on debt funding options for the Lindi Jumbo Project. This remained the principle objective for the Quarter. The ongoing funding process includes:• continued direct and detailed negotiations with African development banks,• successful external structuring of stringent loan security requirements.
'Lindi Funding The Principle Objective'. NLN.
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- Ann: Lindi Jumbo Graphite Project Funding Update
Ann: Lindi Jumbo Graphite Project Funding Update, page-870
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