Ann: Lindi Jumbo produces 94 bags of graphite in single day, page-50

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Wilma85

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04/09/24

19:00

Post #: 75531107
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Originally posted by R08: ↑

Read in full....

Doesn't quite hit the nail on the head for mine. Metrics not revealed in definitive detail. Reads like a "let's get a feel good announcement out to our holders" document to me. Shortly thereafter the "Investor Presentation" document is released.

Won't shift the needle for the share-price, nor bring a confidence level to any external investors/traders - enforcing them to hit the buy button on WKT which is what all holders want so that the share price does go UP. Sellers are now stacking, buyers have removed orders.

I mentioned a month and a half ago that product sales are being relied upon to assist in funding the company without the need to Raise from holders. That the decision whether to do so would be made once understanding revenue streams July / August. The advent of no received revenue (ships still haven't docked at end users) and the appearance of the "Investor Presentation" tells me that CR may shortly be called. It would make sense to raise now and fund the company, well prior to revenues especially considering the upbeat feelings of holders now.....it would also safe guard the financial viability of WKT leading into Gemcorp's Debt Repayments which begin in a mere 3 months !

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Agreed @R08, a capital raise (or, potentially, a debt restructure) is seemingly imminent.

Based on current graphite prices there's little reason to believe that any ex-China producers can operate profitably. Until audited financials of ex-China producers are released, I would caution against any exuberance in the graphite sector at this time.

WKT Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
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Ann: Lindi Jumbo produces 94 bags of graphite in single day, page-50

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Ann: Lindi Jumbo produces 94 bags of graphite in single day, page-50

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