WKT has NOT raised $40M
WKT underwent an extensive 4-5 month Due Diligence process with a Global International Investment Bank (Pareto) who pioneered the Nordic Bond Market.
Pareto was announced to the market 4 weeks ago that they are now facilitating $40M USD of DEBT FINANCE, where expectations are such that they will close this out very shortly and the Funding Ann will drop on anytime soon, seeing as Pareto typically close these deals out in 4-6 weeks.
SYR at least is an operational mine even if its burning cash. It is now an asset that has been built and gone through the construction phase to now a producer.
Would never have been funded by an investment bank or with debt finance as it would never have withstood a stress test of an investment banks due diligence scrutiny.
Something many other Graphite hopefuls are going to learn the hard way and more so the ones completely out of step with their target market.
Have made comments on the WKT thread
https://hotcopper.com.au/posts/41670364/single
Graphite Price, page-180
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Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $263.8M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.3¢ | $724.5K | 2.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 120089 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 146204 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |