Australia's largest stock trading and investment forum Australia's #1 stock forum

WKT

Click for more information

0.00%

9.5¢ walkabout resources ltd

Ann: Quarterly Activities Report, page-19

First 19 Last

Share
Profile

Follow
spid81

16,670 Posts.

7048

31/07/24

10:54

Post #: 74999212
Share

Originally posted by SpareCash7: ↑

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.

Expand

Hi Sparecash,

Can you point to the section in the ASX announcement where it confirms the first shipment has departed Tanzania?

WKT Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

First 19 Last

Add WKT (ASX) to my watchlist