Hi@SpareCash7
Can you please explain why you think WKT is not in default of Gemcorp's loan conditions,
As it clearly states, WKT is required to maintain a debt service reserve for two current quarter's debt payments at all times.
WKT has detailed it has fully drawn down on the US$20mil, if you divide this by 29 months (which is the time remaining on the loan) and then times it by 6, WKT needs to have US$4.2mil in cash - $6.42mil AUD, yet the cash WKT has in the accounts at the end of March is only $4.1mil.
It would be helpful for you to explain HC readers why you think there is no breach of the agreement, or if there is a breach of the agreement, do you think the back up funding is now in doubt until WKT satisfies the requirement?
Hi@SpareCash7Can you please explain why you think WKT is not in...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $24.80K | 202.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 298878 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 100407 | 3 |
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| Last trade - 15.07pm 30/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.5¢ | 12.0¢ | 50000 | ||
| Last updated 14.13pm 30/05/2024 ? | |||||
| WKT (ASX) Chart |