Great tweet by Mike Elliot today on Reuters forecast for the graphite market, all looking very promising for when we launch into production next year.
Whilst in my opinion it's highly likely the share price will continue appreciating nicely for the rest of 2019 (with the usual profit taking along the way) and possibly make it to the magical $1 before the end of the year???, I'm actually becoming more interested in issues like how well the plant will operate on start up, how well we will manage the integration of the national workforce in the early stages, how we will continue to build on the respect WKT have already been able earn in Tanzania, as demand for our product increases do we run a nightshift as well as a dayshift and of course what our actual profit margins look like in our first 12 months of production, if our EBIT meets or exceeds the forecasts of our updated DFS I will be a very happy camper.
Of course we still need to tick the finance box, but IMO it's very close now and it's just a matter of the detail in the terms and conditions....Again I'm thinking a bit further ahead and confident of a scenario that sees WKT going full tilt with the Lindi plant at namplate capacity or more, exceptional profits, smart money still getting onboard and management having the luxury of being able to allocate funds to get the UK projects up and moving, after hopefully some great exploration success there..
Still very happy to have been accumulating since the low teens, but wish I got more of Towie's "cheapies" around 9c-10c, but still plan to accumulate all the way to production.
Any new or potential investors, you've found a gem here, apart from all the helpful intel on the WKT website, in particular the last DFS, recommend reading recent posts by oznt and his upside report.
Goodluck all, future certainly looking bright..
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