You’ve left out 5 months of graphite concentrate production from...

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SpareCash7

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29/04/24

10:28

Post #: 73553613
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Originally posted by spid81: ↑

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.

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You’ve left out 5 months of graphite concentrate production from your calculations Spid. This is a March quarterly with WKT already giving confirmation to the ASX they are expecting the Tanzanian overdraft to be in place. It’s almost May now Spid. Time will prove you wrong again. Farmer are you still expecting graphite sales in August. HaHa. Graphite concentrates current being produced, Gemcorp’s US$5mil still available, Tanzanian overdraft expected to be in place as of March, firm commitments inline with ramp up period and Spid can’t stand it. HaHa.

WKT Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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