Hi Gammat,
We are already in May, Yesterday WKT announced that the plant is still undergoing issues and they won't have the plant up and running as forecast for several weeks. at this point, Jinpeng will be paid its Balloon payment which is US$700k
At this point, the company will be in a position to start producing salable graphite, the specifications are still unknown,
Lets say it takes WKT 3 weeks to build the samples required for validation by the prospective customers, these samples/pilot orders are expected to see revenues, (they will be small) You have transport to the port, delays with loading and the shipping time frames to get the graphite to the customer, WKT has indicated the testing period will be short. You are likely to see the first commercial shipments in the next QTR due to all of these delays that were announced yesterday.
But it is good to see you are using outdated information that was provided before yesterday's
Keep on pumping Gammat, you didn't see CRDB banks failure, you don't seem to be seeing WKT current financial worries due to failing to get the plant up and running, this is why @Venge and the non holders have been calling for a CR to protect the company from another heavily discounted CR.
Lets hope there are no issues drawing down on Gemcorps US$5mil incremental facility.
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Hi Gammat, We are already in May, Yesterday WKT announced that...
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