WKT 4.00% 9.6¢ walkabout resources ltd

HaHa look at Farner2.0 and Spid2.0 try to exert their authority...

  1. 2,392 Posts.
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    HaHa look at Farner2.0 and Spid2.0 try to exert their authority on WKT’s current financial position. The Quarterly clearly states WKT is reviewing not one but a number, yes that’s more than one, Tanzanian bank overdrafts. Yes that’s right WKT is deciding which overdraft to run with, not the banks yes multiple banks, not the banks deciding. It’s not surprising niw that Lindi Jumbo has the entire production outcome from May, June and July yet to be filtered into any cashflow report seen by the public or our resident experts Spid2.0 and Farmer2.0. Let’s just confirm that the Tanzanian banks, yes more than one, upon reviewing Lindi Jumbo’s current and projected cash flows were more than happy to offer up an US$4mil overdraft with full knowledge of WKT’s Gemcorp debt funding position. If that isn’t the greatest endorsement of any projects potential let alone this magnificent project Lindi Jumbo as we know it then I don’t know what is.

    https://hotcopper.com.au/data/attachments/6348/6348789-a1941e4ecc2a28a5dae7376417ed14e0.jpg

 
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