WKT 0.00% 11.0¢ walkabout resources ltd

Ann: Lindi Jumbo Project Update, page-4

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    Well, theres your ASX announcemtnt 1 bank @cazz69rolleyes.png

    "General A number of other Tanzanian miners signed framework agreements with the government during the month. Lindi Jumbo had previously received written agreement from the government in November 2019 of its 16% free carried interest. It was confirmed that the FCI was only payable to the government on the payment of dividends from Lindi Jumbo. The timing of the issue of Lindi Jumbo B class shares to the government is yet to be agreed but is not required before either construction or production.

    and,

    Further increases in global prices and likely shortages in supply for all sizes of flake graphite augurs well for the setting of prices under the previously announced Lindi Jumbo binding offtake term sheets during the coming months. The prospect of supply shortages as we come into production has also expanded the number of parties contacting the company for potential offtake.

    What a great update to end the year! Well done WKT Managment!!!
    Last edited by GL77: 21/12/21
 
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