"You might add spid81 the poster spoke with a company representative and asked for a clarification…Where as in you case you refused to and didn’t seek clarification"
Hi Croc, I am glad you agree that clarification is needed from WKT to explain Gemcorps 2 QTR of cash reserves (loan repayments) at all times needs to be released to the market. Which director did you speak (its always best to name the director so everyone can hold you or the director accountable if the information is false)
If WKT provides an update on Gemcorps loan facilities, we will have the confirmation on how likely a CR is, or if it can be pushed out until next QTR if the company cannot get the plant up and running as they expect.
Nice PR stunt with the forecast revenues for Lindi. We all know the graphite prices are significantly lower than WKT's DFS and the company has detailed they won't hit the DFS production rates and recoveries for 12 months. This means the OPEX will be significantly higher and the revenues will be significantly less, which will put more pressure on the company to achieve its flake size and purity to generate any free cash.
No doubt you are trying to build support for (suckers) investors to buy up before the pending equity raising that seems to be required.
WKT Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
