We have seen this type of PR from Mike before back in 2019 with the lead up to the Nordic Bond Launch.
he was extremely active on twitter, Mike pumped out up to 8 tweets in one day.
The Nordic bond launch was a complete failure.
Did you watch Allan Mulligan's paydirt video?
Allan said WKT was expecting an answer on meeting the conditions precedent during Q1, he then said, 'We don't know how long it's going to take.'
WKT was not exploring any of its other projects to provide an ASX announcement to create some hype. (no funds) Instead, WKT was back into marketing where they were trying to get investors interested in WKT due to its Lithium project (that is subeconomic) and claiming Lindi was ready for the Graphite boom for the increase in EV demand, we all know WKT has completed no detailed testing of its graphite.
There was no need for WKT to enter into a Trading halt for a funding update or if they secured funding from Bank A or Bank B. This trading halt was needed to raise capital from the T40 or other investors. WKT had no other option or they would have been issued with a please explain next week for the ASX asking how they were going to keep operating as a going concern.
WKT Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
(20min delay)