Ann: Retraction of Annual General Meeting 2021 Presentation, page-164

First 164 Last

Share
Profile

Follow
Gammat

1,642 Posts.

505

02/06/22

14:33

Post #: 61781492
Share

Originally posted by Hedged: ↑

I've watched a number of junior mining train wrecks transpire where the companies involved mislead the market with overly optimistic statements and in the end, those that had invested in good faith lost their money. I've also seen those that posted comment warming of issues and each time they were severely ridiculed and insulted. Because of this i guess i've not commented much in the past when i've seen BS, but i've been watching WKT for many years and i have been concerned for some time now about some of the bullish statements made by WKT wrt the CBRD debt, giving the impression that the funding was 100% secured, and that satisfaction of the outstanding CP's just a formality.
Firstly, no bank funding should be considered "secured" until the CP's have been met and the financing is formally "closed" with the bank providing a certificate to that effect.
In the case of WKT, the CRDB finance offer was subject to several CP's that were complex and that were never going to be a gimmee. One of the issues was the LC security and the fact that very little detail was provided on that, was a concern.
WKT may have a great orebody but it takes a lot more than that to get a mine funded, constructed and operating anywhere, let alone Tz.
I wish them all the best and hope they sort out funding and continue to production, but i will be very surprised if they get any money out of CRDB

And i'm not Georgie.

Expand

Straight out of the QTRLY .... DYOR

WKT Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

LYC

Lynas eyes first dysprosium, terbium HREE production in CY25

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

TBN

Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE

PH2

Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

There are more pages in this discussion • 1 more message in this thread...

First 164 Last

Add WKT (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $77.19M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.5¢	$4.715K	41K

Buyers (Bids)

No.	Vol.	Price($)
3	282933	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	26406	2

View Market Depth

No.	Vol.	Price($)
3	282933	0.110
6	932988	0.105
15	738732	0.100
1	20000	0.099
1	5000	0.095

Price($)	Vol.	No.
0.115	22406	1
0.120	515997	11
0.125	738059	13
0.130	290789	8
0.135	458027	6

Last trade - 10.09am 27/06/2024 (20 minute delay)

WKT (ASX) Chart

Ann: Retraction of Annual General Meeting 2021 Presentation, page-164

Lynas eyes first dysprosium, terbium HREE production in CY25

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE

Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Retraction of Annual General Meeting 2021 Presentation, page-164

Top Stories

Lynas eyes first dysprosium, terbium HREE production in CY25

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE

Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News