WKT (ASX) Ann: Quarterly Cashflow Report

Originally posted by Wilma85: ↑

Hi lucky1973,

I had never even looked at WKT until Croc went on his cross-promotional tour onto other stocks threads boasting about how incredible the Lindi Jumbo Project was. At the time I was only researching stocks that had attained a mining licence and had completed feasibility studies. Nonetheless I decided to take a look and see what all the hype was about. Having a pretty good understanding of graphite projects and having trawled through many mining feasibility studies Inwas able to quickly identify the flaws in the DFS, mine plan and the Lindi graphite deposit. I raised questions and concerns, which I quickly realised was not tolerated on the WKT threads, and I was lambasted for my posts which did not suit the narrative being pushed by shareholders. I ceased posting for a while and was just a quiet observer.

What became clear to me after a while was the unscrupulous promotional efforts from certain holders trying to draw in Mum and Dad investors and creating a cult-like following. No one dare question Semi or Croc at the time otherwise you too would be harpooned and silenced. Ethical behaviour wasn't necessary, you just had to follow the 'rules' of the threads or else.

People invest their real hard earned money into stocks - it isn't a game. Money is made and lost depending on whether the story and business strategy is sound and the company has the people and means to execute it. The Lindi Jumbo Project in my view has serious flaws and I intended to express my views and then folks can decide for themselves what opinions and information they choose to accept or filter out.

There was a HC member that used to post contrarian views on TAW (which later became A40), a stock I used to hold, and I dismissed what they would post because it didn't align with my own views and I naturally gravitated towards agreeing with the 'cheer squad' because their views and opinions fitted nicely with the narrative and story that I wanted to believe. Anyway, with the benefit of hindsight it turned out that poster was actually correct and although I could see the signs all along I was blinded by my bullish views and perhaps because I was invested. My point is that all views should be considered and filtered accordingly, and as much as possible you need to try and look past your own biases. That poster would have saved me money had I considered their views more objectively.

When you're right, you're right. When you're wrong, you're wrong. There's nothing wrong with saying you were right or acknowledging that you were wrong. At the end of the day these are investments, they are not sporting teams or religions that we make lifelong commitments to.

To me WKT is just a stock code. This year they could dump Allan Mulligan and Lindi Jumbo and pick up an amazing copper or nickel project which could perhaps change my view very quickly. I have nothing against WKT. I do think the Lindi Jumbo Project is rubbish and I believe Allan Mulligan is a lifestyle director that will never progress a project through to development and then successful production. I do think there are some holders here that will continue ramping the company even though it doesn't, in my view, have a company making project. If those same posters were ramping a stock in that manner but the company had a decent project I would simply put them on ignore just as I have done with other stocks I hold.

Until the story and situation here changes, my views and opinions will not change, and I will continue to post as and when I feel like it. Some here already have me on ignore and they are quite entitled to do so.

So far this company has over promised and under delivered. Allan Mulligan won't change that, but maybe Mike Elliott can and will. Time will tell.

If the company somehow pulls off a miracle I won't disappear without saying a word. I will congratulate you and admit that I was wrong. But don't expect me to disappear because you want me to be wrong.

Cheers
Wilma.

Expand

yes I was the same, I only even stumbled upon WKT because of croc of and a couple of others. Also this is a forum, where opinions are allowed and to be shared. I don’t come here bashing for the sake quite frankly i just can’t stand the echo chamber BS that could lure people in. Too many over invested egos here

No.	Vol.	Price($)
5	69810	12.5¢

No.

Vol.

Price($)

69810

12.5¢

Price($)	Vol.	No.
13.0¢	43105	2

Price($)

Vol.

No.

13.0¢

43105

No.	Vol.	Price($)
5	69810	0.125
4	241071	0.120
4	195216	0.115
4	519818	0.110
7	319976	0.105

No.

Vol.

Price($)

69810

0.125

241071

0.120

195216

0.115

519818

0.110

319976

0.105

Price($)	Vol.	No.
0.130	35329	1
0.135	420959	7
0.140	312924	2
0.145	108000	2
0.150	107272	3

Price($)

Vol.

No.

0.130

35329

0.135

420959

0.140

312924

0.145

108000

0.150

107272

(20min delay)
Last 12.5¢		Change -0.005(3.85%)		Mkt cap ! $83.90M

Open	High	Low	Value	Volume
13.0¢	13.0¢	12.5¢	$10.71K	83.23K


Last 12.5¢		Change -0.005 ( 3.85 %)
Open	High	Low	Volume
12.8¢	12.8¢	12.5¢	8651
Last updated 15.24pm 03/05/2024 ?

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