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10.5¢ walkabout resources ltd

The uncertainty surrounding the CRDB debt facility coupled with...

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Wilma85

7,943 Posts.

1647

06/06/22

11:28

Post #: 61839795
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Originally posted by spid81: ↑

Hi Croc, that isn't correct,

BMCG has already paid WKT the US$2.95mil ~$4mil AUD, this is yet to be issued as new shares.
As you know, WKT has not detailed if they have notified BMCG of their intentions to draw on the optional US$4mil trench, which needed to occur within 5 months. The additional US$4mil might not be available to WKT.

I would like to see the ASX ask WKT how they are going to continue operations when they QTR cashflow report detailed they only had $4mil in cash remaining which was only expected to last 6 weeks. This time period has now ended and by the sounds of it WKT has suspended its developments at Lindi.

shareholders should be provided with some clarification from management if a bridging loan has been provided, or if shareholders are likely to see another capital raising to provide the company with some funds.

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The uncertainty surrounding the CRDB debt facility coupled with the voluntarily suspension of WKT's securities, is very problematic for the BMCG equity facility. A short-term loan or capital raising is looking increasingly likely.

WKT Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $73.83M

Open	High	Low	Value	Volume
10.5¢	10.5¢	10.5¢	$13	121

Buyers (Bids)

No.	Vol.	Price($)
8	688952	10.5¢

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Price($)	Vol.	No.
11.0¢	287699	4

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No.	Vol.	Price($)
8	688952	0.105
13	589474	0.100
2	120000	0.099
1	130000	0.098
1	150000	0.095

Price($)	Vol.	No.
0.110	287699	4
0.115	261601	5
0.120	656697	12
0.125	589666	12
0.130	337943	6

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