Ann: Poised for go live - Lindi Jumbo Mine Development Update, page-172

Add this one to the list for the pending court action @Stirer. If WKT choose not to activate BMCG’s standby facility then BMCG can only place US$700k. However Spid chooses to write in a context suggesting either party can activate the additional US$10mil and the share placement that goes with it. He wants everyone to believe the US$10mil is still to placed when WKT has clearly stated they won’t be needing BMCG’s facility. US$700k and around 10mil shares from it already factored into our shareprice in my view. Gemcorp funding has its own US$5mil backup funding on top of the US$20mil that isn’t even close to fully drawn on yet. So no need for BMCG’s US$10mil as it’s served its purpose by pacifying Jinpeng and TNR helping to prevent construction delays and continuity of Lindi’s mine build. WKT will take the bonus US$700 with no real overall dilution taking place and move on. Unless of course Spid wants to continue to twist this agreement to help with his continual cause of stifling WKT’s progress in the eyes of new investors.