WKT 8.70% 10.5¢ walkabout resources ltd

Ann: Prospectus, page-6

  1. 15,712 Posts.
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    Hi Croc,

    I think you should be giving the WKT investors the same information as you have provided on MRC,

    Although the disclosures in WKT prospectus are a little more alarming.

    https://hotcopper.com.au/data/attachments/5797/5797555-179a92e0ab30e6c9c3207dfc6c2e8178.jpg


    https://hotcopper.com.au/data/attachments/5797/5797567-13e199a309de8e6b3080293a401330b3.jpg


    Is this why you and your friends are constantly misleading investors about the Lindi Jumbo project because of the disclosure the Gemcorp facility funding may not be sufficient to fund he lindi jumbo mine during ramp-up until it produces positive cashflow.

    We already know that WKT is well behind its forecast in getting the mine completed and the are yet to start the process of commissioning.

    Construction risk. - This is even more alarming, Increase in capital or operating expenditure will adversely affect the profitability of the lindi jumbo project.

    As you know, WKT has confirmed the project is 23 months into construction for a project that was only meant to take 7-9 months. We have had the company move to BOOT arrangements, defer costs of construction, and build a smaller production facility compared to the DFS intentions.

    I have to say, @sirrobbo, @Gammat, Yourself @Bella66 @Stirer @semi retired and @SpareCash7 have all been acting very strangely on HC for the past few weeks putting out false and misleading commentary, which gives me the impression things are not going so well at Lindi Land.

    Lets hope you can find those MPA ratings you keep claiming exist, and Sparecash can find all the bulk samples results he claims have been completed.
 
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