My sentiments as well about the under-appreciated value of Lindi, but I would make one caution regarding timing of the funding. Until things are clearly understood regarding how these legislative changes may affect the ownership structure of WKT, and the impact on economic outcome (maybe there is a 16% equity holding by the government and another 1 per cent of royalty, not yet confirmed) I can't see any debt provider making hard and fast offers of finance. Thus funding is unlikely to be available by the end of July, until this clarification is received.
However, as others have already posted, WKT has a number of virtues that other graphite explores in Tanzania do not have, and thus will hold the company in great stead once clarification is received:
1. It appears to have the best resource of graphite as yet identified - High grade, excellent flake size, available from surface, as yet to be established full extent of a very large resource;
2. Location, very amenable to transport and port facilities;
3. WKT is an absolute micro cap - thus its price has not moved much despite minor recent volatility (in both directions).
4. The timing of the SPP has enabled the company to maintain its momentum over the next period when equity funding will be more difficult for other competitors within Tanzania.
If there is one graphite mine to proceed in Tanzania in the coming year I would say Lindi is the most likely, and therefore an investment in WKT at this time, at an absolute bottom of the price range, is likely to bring handsome returns in the coming months.
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4 | 140480 | 0.095 |
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