Ann: Quarterly Appendix 5B Cash Flow Report, page-10

"I’m content the basic domestic $4mil overdraft is in place" WRONG Wkt is still negotiating the working capital facility.




You are twisting reality, WKT has now lost US$9.3mil in funding, (as I previously claimed)

Now let's work out WKT's true cash balance once all loan requirements, working capital and Jinpengs balloon payment are required.

Gemcrop loans - US$20mil fully drawn, interest capitalised at US$320k ($489k AUD) per month $1.467 Mil Per QTR
Loan requirement for 2 QTR of loan repayments to be held in a back account. US$20mil / 29 months x 6 months = US$4.2mil ($6.42mil AUD)
Jinpeng Balloon Payment - US$700k ($1mil AUD)
WKT operating costs (directors/administration) $675k per QTR.
Production facilities OPEX - US$420 per tonne (based on 40ktpa operation) US$16.8mil annual (US$4.2mil per QTR OPEX). Ramp up period will have a similar cost as to the fully production costs. this mean WKT will have costs associated with running the plant at full capacity but will not have the production of graphite/sales. OPEX ~$6.42mil per QTR,

Total costs in AUD for a QTR $15.982mil AUD (no sales expected) WKT cash $11.8mil including Gemcorps US$5mil backup funding.

As I said, When is the CR?