WKT 5.71% 9.9¢ walkabout resources ltd

Good Morning Boontime, Its good to see you are making no...

  1. 16,276 Posts.
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    Good Morning Boontime,

    Its good to see you are making no allowance for the operating cost for the Lindi Jumbo project,
    I hope you know the DFS, Pareto presentation and the Banks offer makes no reference to providing funds to operate the plant.

    The $9.3mil will be required by WKT at some stage to operate the production facilities.
    Management might raise a little more to cover themselves, I know the ASX largest producer had a few break downs in the first few months.

    Looking forward to WKT's announcement where I believe they will only raise the minimum required, they won't raise the full $30-33mil that is needed.

    Do you think WKT is having issues finding investors? its been a few weeks already where the SP seems stuck in the low 30's. Today's volume is tiny with only 40k shares traded in the first hour.
 
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