Hi Sparecash,No you haven't demonstrated anything, If you were...

Hi Sparecash,

No you haven't demonstrated anything, If you were going to demonstrate WKT has breached the loan agreements, you would have placed the loan amount drawn down by WKT against the Gemcorp facility, and then determined the cash WKT required to have on hand at the time.

All you have done is place a few QTR cashflow reports in isolation. You know what I am like, I checked the previous QTR reports when they were released, and it appeared WKT had the cash to cover the 2 QTR or loan repayments, yet this is no longer the case.

Now we have the massive sell-off over the past few days who is most likely BMCG exiting the registry and WKT has now shown BMCG's US$9.3mil is no longer available when it was shown as being available last QTR. ( I thought you were selling dreams of WKT QTR report being in a better situation?)

Add in the low volume pump today, (the news is great that was released today, more delays, low cash, more bills to pay) we could be seeing the start of the pump before WKT puts out another fluffy announcement (first concentration) followed by another CR.