Australia's largest stock trading and investment forum Australia's #1 stock forum

WKT

Click for more information

0.00%

9.5¢ walkabout resources ltd

Ann: Voluntary Suspension Extension Request, page-123

First 123 Last

Share
Profile

Follow
R08

8,740 Posts.

1864

10/11/22

17:00

Post #: 64699553
Share

Originally posted by Stirer: ↑

I can see why your frustrated Farmer. Just watched a report of the stadium upgrades in Queensland needs to be re evaluated because of rising costs of materials and labour. What was going to be a $1B upgrade is now expected to be double that.
Good thing that management have completed the manufacturing of plant equipment and locked in contracts at mostly fixed rates. I can see now why your preferred graphite project has walked away from Kwinana project. First stage is likely to cost double now and they probably don’t have enough in the bank to fund it. I don’t think investors would be likely to stump up more cash for a project that hasn’t started. Another win for WKT management in my view, they have kept the project moving and shareholders and investors willing to put their money in to complete this project. All in my own opinion of course.

Expand

It's an interesting concept - walking away from something a company can't fund......

As opposed to commencing an unfunded, highly debt intrusive and financially risky construction process which has drawn the solvency / compliance focus of the ASX.....

WKT Price at posting: 17.3¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

There are more pages in this discussion • 22 more messages in this thread...

First 123 Last

Add WKT (ASX) to my watchlist