WKT 3.09% 10.0¢ walkabout resources ltd

Ann: Quarterly Cashflow Report, page-170

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  1. 502 Posts.
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    Spid, you’re trying to deceive everyone again!

    No one has forgotten about running the plant. They have a plant that will cost $27.9 million to build, they have already spent $3.6 million on construction.

    They will have $32 million from debt + equity...

    So $27.9 mil - $3.6 mil = $24.3 mil remaining spent on construction...

    $32 mil (from debt + equity) - $24.3 mil (remaining spend on plant) = USD$7.7 mil to run the plant... if we convert this to AUD it looks suspiciously close to the $9 mil you mention to run the plant. And as it mentioned in the debt funding announcement the $32 million is inclusive of working capital. So what we have here is you trying to deceive everyone here, despite a company announcement telling you otherwise.
 
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