If the Lindi Jumbo Graphite project was as good as you keep telling everyone, 80% of its shareholders wouldn't have passed on their entitlements. yet they failed to take up their rights and the company is yet to be relisted or secure all of the funds from Canaccord to complete the project, How can you not understand Canaccords clients have oversubscribed many of WKT's peers' recent capital raisings, yet none of the needed a "priced to sell" placement to get investors interested.
Anyway, if you think the Lindi Jumbo a half-finished project is worth $50mil, you really are lost and living in a fantasy world.
WKT Price at posting:
17.3¢ Sentiment: None Disclosure: Not Held
