The CRDB facility has always been something that didn't stack up...

The CRDB facility has always been something that didn't stack up right from the beginning and WKT did not inform shareholders of the real risk associated with the SBLC requirement. Up until just recently, WKT refused to confirm the amount of the SLBC and when i asked the question of WKT directly in 2021, i was told that it was "commercially sensitive". I think the real reason WKT didn't want to disclose the amount is that it was "commercially embarrassing" that they would even consider a debt facility where they had to provide the same value of cash backed security as the amount of the loan. CRDB must gutted that WKT could not provide a cash backed SBLC with a AAA rated bank as they would have made a motser in interest and fees for taking zero risk.