EY has valued the project and the SBLC parties has said we want more cash and assets before they offer their funds.
how is this positive?
regarding WKT solvency, you really need to think about all of the cost the company has, if some of the workers didnt capitalise Its costs (by not getting paid) WKT would have no funds.
we also have no director loans, they werent even willing to defer their remuneration or get paid in shares.
then we have shareholders who only want to provide a short term loan to cover corporate costs. This sounds like they have even given up and know funding situation is dire.
keep selling rainbows and unicorns, this is all bad news and the offtake agreement is even worse. It doesnt become binding until wkt produces 15k tonnes.
WKT Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
