Hi R08
If you take away the optional US$5mil from Gemcorp, you could consider WKT is already in default of that requirement, US$20mil requires US$4.2mil - $6.2mil AUD, yet WKT only has $4.2mil AUD as of the end of March. Then you also have the capitialised interest of $467k for April.
WKT needs US$4mil in funding from the Tanzania banks or a CR to top up the company's funds. although there is no CAPEX blowout, the interest charges on the Gemcorp loan is quickly eating up WKT limited funds.
Anyway, I find it interesting that the pump crew and the ASX announcement neglect to mention the Gemcrop loan facility conditions of having 2 QTR of cash at all times to meet the loan repayments.
@Gammat - Yes it would pay if you read the announcements. It would save you from giving false and misleading information to HC readers.
Hi R08If you take away the optional US$5mil from Gemcorp, you...
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Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1177 | 12.5¢ |
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| Price($) | Vol. | No. |
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| 13.0¢ | 559778 | 15 |
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| Last trade - 12.25pm 29/05/2024 (20 minute delay) ? |
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| Last updated 13.51pm 29/05/2024 ? | |||||
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