As suspected - $1m left, a months and a bit left of cash flow. Considering the quarterly is until the end of June 2022, being now the end of July…cash is tight. Very tight!
They disclose issues with the 2nd SBLC and further contingencies being made for funding. A CR or tap on T20/40 shoulders is coming.
Make no mistake, the financial aspect of WKT right now is perilous.
”Issuing banks seeking cash or collatoral” for the SBLC. It’s challenging. WKT disclose.
”The company has commenced processes to recapitalise the company to prepare for the period ahead”. WKT discloses.
As suspected - $1m left, a months and a bit left of cash flow....
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.9¢ | $47.97K | 474.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 170000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 200813 | 4 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WKT (ASX) Chart |