HaHa. This pittance $2mil discussion is getting more and more rediculous with every day that passes. Spid2.0 doesn’t even a have clue about one single detail involving the terms and conditions, yet he’s opened an entire thread to discuss it’s possibilities and then tries selling it as fact. So let discuss some things we do know. We know Spid2.0 highlighted this thread in light blue to make it stand out. HaHa. So pathetic. He even bragged about how many views it had received. HaHa. So P. Spid2.0 then changed the date of the announcement from July 2 to 7 so he could make it appear as a stand alone announcement. HaHa. So P. Even after I corrected him yesterday on the July 7 date he was wrongly quoting he continued to use the wrong date. HaHa. P. What also know is that Gemcorp have identified the potential from a small cash injection to the Lindi Jumbo plant that will boost it’s total production from 40ktpa to 50ktpa with zero cash injection and then onto 60ktpa with minimal cash injection. What does Gemcorp know that we don’t in order for Lindi Jumbo to potentially boost production and sales by 50% even at commissioning phase. We know Gemcorp are inline for highly lucrative cash sweeps if this takes place. This leads me to the dispensations Gemcorp have allowed WKT in order for this to happen as quickly as possible from Lindi Jumbo sales alone. With first payments on Gemcorp’s loan facility now not required until December 31 with Gemcorp now taking cash sweeps above US$3mil instead of US$5mil to reduce debt.as a trade off. Cash sweeps are used to pay down debt untill it is finalised, only then will cash sweeps go directly to Gemcorp. WKT now has the ability to pay US$5mil to Gemcorp’s to remove those final cash sweeps with Lindi Jumbo’s plant improvements to 60ktpa. Win win.All this can also be achieved through refinancing that can take place any time after July 4th. Refinancing was another thing fake news said wasn’t possible. Their list grows every day. Did someone mention ‘fresh material’, ‘red flags’ and ‘lemons’. HaHa. Spid news has gone quiet on these as he’s been too busy discussing the equivalent of $2 coins in the mining industry. And in light blue of all things, the color of the magnificent Lindi Jumbo.
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Mkt cap ! $67.12M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 75500 | 9.8¢ |
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Price($) | Vol. | No. |
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10.0¢ | 321161 | 3 |
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No. | Vol. | Price($) |
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1 | 75500 | 0.098 |
2 | 370416 | 0.096 |
2 | 92238 | 0.095 |
2 | 138296 | 0.092 |
3 | 325000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 321161 | 3 |
0.105 | 140113 | 2 |
0.110 | 83620 | 2 |
0.115 | 120000 | 2 |
0.120 | 369902 | 7 |
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