WKT 1.00% 9.9¢ walkabout resources ltd

Ann: Update - Proposed issue of securities - WKT, page-15

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  1. 16,529 Posts.
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    Hi Rossi,

    It is great to hear you were bent over again like you have been for the past few year being invested in WKT.
    that has been a very painful experience for you and your friends.

    Yes the BMCG back up funding deal is a bit of a mystery, if they do come back to the party, you might get to experience this all again.

    on the positive side since you enjoy this experience, you still have 1 year of no free margins, a 19% interest rate, free cash sweeps to repay the debt and Gemcorps ability to snap up 30% of the any free cash.

    plus we will soon see if there are delays, issues with commissioning, selling your graphite in an over supplied market.



 
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