Funding Update, page-7

First 7 Last

Share
Profile

Follow
Natos

1,855 Posts.

1514

30/09/20

10:15

Post #: 47730704
Share

Originally posted by spid81: ↑

Good Morning Names,

You only need to read through a few ASX announcements, WKT is fantastic at Marketing and selling the dream.

WKT has gone from being offered alternative funding options from several prospective lender, that has resulted in them needing to obtain mortgage insurance. No management would even consider this idea if the nordic bonds were likely, although it does appear we were correct that WKT woudln't be able to secure fund from the Nordic bond market, I am surprised that Natos and Co are so excited that Parto Securities weren't even mentioned in the Annual report, I thought they were assisting WKT with its other funding options?

It appears WKT only has one funding option, that is the African Development bank, Why did these other prospective lenders pull out, when they were offering WKT alternative funding?

Do you think it is likely the current internal DD that the African bank is completing is only the initial assessment to be offered a binding term sheet? There has been no ASX announcement that WKT has secured the 'Binding Term Sheet' from the African Development Bank.

Did you also notice in the Annual report that two of the T20 were starting to reduce their holding?

12th December 2019

In addition, the Company has received alternate funding proposals which are currently being assessed, on the basis they could potentially lower the total cost of finance.

25th of March 2020

The Company continues to work towards a funding solution with international investment bank, Pareto Securities (Pareto), to raise US$40m to fund the development of the Lindi Jumbo Graphite Project

Several interested parties comprising large African development banks and agencies are concurrently conducting their internal due diligence, economic assessment and independent review of the Project and of the international graphite market.

the Company has been negotiating with a preferred African based bank in regard to securing a binding term sheet. The internal application submission is due shortly and will be reviewed by the relevant Board of this bank, seeking approval to advance the application.

March QTR Report

The immediate objective is to secure binding term sheets which will determine funding partners and the structure to be adopted moving forward.

June QTR Report

in March this year, the Company commenced direct negotiations with an African development bank and has received a non-binding, conditional Term Sheet for direct debt for a total of US$30 million. In order to progress this transaction and meet a series of the bank’s stringent loan security requirements, including an equity component precondition, ongoing work remains to be finalised and is the immediate focus for the Company.

Expand

Interesting way of interpreting the announcement Spid however I'm afraid you're wrong.

Seems like the company have honed it on a preferred option and are confident with it.

To say that the other lenders have pulled out is dishonest as there is no mention of that occurring.

Also a little hint, what do you know about LMI on home loans? usually means that the borrower is only putting in a small equity piece.

The ducks are lining up and you're starting to panic.

WKT Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
19 Upvote

11 Great analysis

Reply

There are more pages in this discussion • 358 more messages in this thread...

First 7 Last

Add WKT (ASX) to my watchlist

(20min delay)
Last 12.5¢		Change -0.005(3.85%)		Mkt cap ! $83.90M

Open	High	Low	Value	Volume
13.0¢	13.0¢	12.5¢	$15.79K	124.9K

Buyers (Bids)

No.	Vol.	Price($)
5	92100	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	123402	2

View Market Depth

No.	Vol.	Price($)
1	25000	0.135
6	112683	0.120
5	200216	0.115
7	321272	0.110
8	325214	0.105

Price($)	Vol.	No.
0.125	128402	3
0.130	171347	4
0.135	360959	6
0.140	319924	3
0.145	108000	2

Last trade - 14.20pm 07/05/2024 (20 minute delay)


Last 12.5¢		Change -0.005 ( 3.85 %)
Open	High	Low	Volume
12.5¢	12.5¢	12.5¢	46307
Last updated 13.36pm 07/05/2024 ?

WKT (ASX) Chart

Funding Update, page-7

Featured News

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Tamboran is listing on the NYSE, and Wall Street is paying attention

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Sold out signs go up for RIU Resources Roundup in Sydney

Buyers (Bids)

Sellers (Offers)

Featured News

Funding Update, page-7

Featured News

Top Stories

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Tamboran is listing on the NYSE, and Wall Street is paying attention

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Sold out signs go up for RIU Resources Roundup in Sydney

Buyers (Bids)

Sellers (Offers)

Featured News