How did blitz come to the conclusion " received confirmation Lindi was on track and spare company funds were now being diverted to WKT'S second most probable project." ?
Without confirmation on the final price for the EPC, the Power and the accommodation contracts, no one can make any claims that WKT has spare funds. Do you know what is holding up these agreements?
I thought the August announcement detailed these contract (power and plant) would arrive shortly.
There is nothing holding WKT back from taking up the additional US$4mil from the US Investor. I believe WKT can elect to take up this right within 10 months of Augusts General Meeting.
Its pretty obvious WKT needs some news to try to attract investors, the tweets that are arriving daily are not attracting investors, drilling their other projects seems like a good idea, I would hate to see how low the SP will drift if investors only get to see daily tweets on development at Lindi.
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