I emailed WKT to encourage them to make a wider statement as to how things were proceeding.
Only got a reply (from Mike?) saying as per the announcements they were in the middle of a CR and these things take time.
Where is the indication that they started at 27c, then 23c, and now 17c? Other than rumours?
It is clear that they want more money than they currently have raised, but instead of assuming they are in a panic sale it could also be true that the team is refusing to accept anything other than a first rate result for shareholders so choosing to take their time (as with securing the bank loan) rather than get a faster but poorer quality result.
We don't know how much they want, how much they have secured, or at what rates.
Am I getting nervous not knowing what is going on - Yes
But I believe we have a top class leadership team that will get the best result they can for the company and the shareholders.
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