Make no mistake, this is hugely problematic !
I have been bullish on WKT....but I smell trouble now in a big way. Time to call a spade a spade. This is rose coloured glasses off. Should have seen it from all the social media plugging by management ! Those who talk too loudly......
The financiers would have been discussing any issues with management well before it was announced. This is certainly NOT new news to management. Don't doubt that.
They have been working thru CP for on two years now.
The shipments have stopped. Funding is at halt. Construction medium term continues WITHOUT shipment of required assets. Funds in the bank are at an all time LOW. can't raise whilst in suspension.
A new SBLC is required.....(tap the T20 again).
Before you all jump on - this is commentary as I see it, not a downramp - just opinion based on what is in front of us !
Ann: Lindi Jumbo Project Update - Delay of Debt Drawdown, page-49
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