No good taking on debt, to only burn it. This can be troublesome if profits are not delivered.
WKT is strategically positioning itself with funding IMO. Theyre sourcing out the best deal to take advantage of the development of the plant. Once in production and delivering clear cut profits, you can derisk and avoid the funding amounts SYR require.
Question if SYR are clearly profotable?? why do they need these extravagent levels of funding?
Potential Upside of WKT - Expandable Graphite, page-1475
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Last
10.8¢ |
Change
-0.003(2.27%) |
Mkt cap ! $72.16M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.5¢ | $324 | 3.014K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 750351 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 296404 | 5 |
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| Last trade - 14.53pm 11/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |