Good Morning Croc,The wording Group refers to WKT and the Lindi...

Good Morning Croc,

The wording Group refers to WKT and the Lindi Jumbo project. WKT is the parent company that has taken out the loan with Gemcorp. Gemcorp has provided the funds for WKT's project. You could have looked at the HYR or any of WKT financial documents for clarification,

As you highlighted the Group (WKT and Lindi) are required to hold 2 QTR of debt servicing.
I am glad you are starting to work out the dire situation of WKT funding, I posted the following calculations on WKT likely expenditure for the Current QTR.

Don't forget that WKT only had $4.15mil in cash at the end of the March QTR and we don't know what restrictions there are on Gemcrop's US$5mil backup funding (incremental facility)


As highlighted in the update provided 2 days ago, WKT detailed they are having issues with commissioning, and the handover by Jinpeng is not expected for several weeks. they also detailed that the production during this period is not likely to be within specification.

I think it would be prudent for WKT management to update the market on Gemcorps funding, you seem to have a different opinion to mine as to the loan requirements for WKT to have 2 QTR of Debt Servicing or what the restriction on the US$5mil incremental back loan facility, they also need to explain why BMCG's funds are no longer available.