WTM 5.00% 42.0¢ waratah minerals limited

Graphite Funding, page-5

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    Well the shares are in two stages of escrow so there won’t be any money back at the moment and our SP won’t get a kicker unless something major happens on their side.

    I would have to look at the probable delivery program with respect to Tirupati on the Mozambique assets. They sound quite aggressive but that doesn’t mean it will happen in those timescales. In the meantime our potential recompense is with their current portfolio imo.

    Let’s see when everything has been settled and Tirupati confirm what the strategy is. Either way, as stated, Unless something major happens to their SP ours won’t move. All imo.
 
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