Ann: Proposed issue of securities - WKT, page-43

Hi Sirrobbo,

Fair call, I can only base my calculations on the companies announcements,

WKT could have easily detailed in the "Institutional Placement to US Battery Minerals Investor ASX announcement" the expect issue price for Trench 1 shares. It does not indicate this issue is based on a VWAP like Trench 2.

The only way you can work out an approximate is based on this threads announcement that indicated next week the shares will issue at 17.3 c which will exhaust all of WKT's 7.1a capacity. i.e this is why Trench 2 need shareholder approval. because no more shares can be issued without shareholder approval.

Now that you have criticised my calculation, what do you think the US battery investors will be paying next week for Trench 1's shares?