WKT 2.33% 10.5¢ walkabout resources ltd

Ann: Wet Commissioning Advances as Ore Feeds Through Concentrator, page-168

  1. 2,196 Posts.
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    So the question then becomes @Croc-file, it’s impossible for the ‘group’ as in Gemcorp and WKT to maintain two full QTR’s without revenue. Therefore this condition is only applicable once sales have commenced. When looked at in more depth, it’s there more to protect WKT by giving them a buffer from the free cash flows Gemcorp is entitled to. The opportunity for WKT to expand their interests in projects such as Amani has definitely been pushed forward. Very clever of Management and shame shame on you know who and that dairy fella who was talking up his cow pads just the other day. So let’s reflect, as of March QRT WKT has a cash buffer of $11.8mil before sales not including the US$4mil basic domestic overdraft. Dare I say it again but it appears WKT is ‘flushed with cash once again’.
 
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