WKT 0.00% 11.5¢ walkabout resources ltd

Flushed with cash., page-19

  1. R08
    7,754 Posts.
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    That’s actually a really interesting analogy…although niaive at worst and on point at best.

    Much like anticipating revenue streams against a mine that needs to succeed in procuring a product at scaleable and profit returning value in order to satisfy a much larger than “blow up dolls” debt ! Let’s hope buyers “subscribe” to the procured product otherwise the debt also blows up.

    Thus confirming - the statement heading - “flush with cash” is actually more appropriately defined as ”flush with debt”. The money WKT holds is 100% encumbered debt. Not free cash at bank. Therefore you have merely assisted in confirming the obvious in that the thread headline statement is misleading. Thank you.
 
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