Hi @Panda7, the due diligence undertaken by Pareto covered how the 16% free carry mechanism works. It is covered in the recent corproate presentation here:
https://hotcopper.com.au/threads/ann-corporate-presentation.5032013/#.Xc3Nv1czaUk
from p41
• Mining Act gives the Government not less than sixteen percent (16%) non-dilutable free carried interest shares in the capital of all mining companies.
• The payment of 16% dividends to the Government are only due when Lindi Jumbo declares a dividend.
Essentially, it is expected that WKT would be paying this when/if they start paying dividends
Potential Upside of WKT - Expandable Graphite, page-2479
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Mkt cap ! $64.44M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.3¢ | $79.54K | 821.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 9.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 66614 | 1 |
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