Tanzanian Mining Commission Formation, page-215

WKT has been trading really well for the last week or so and it seems it’s on the back of speculation of their ML being issued. Interestingly, trading of WKT shares increased significantly two days before the news article that the mining commission was to commence the issuance of mining licences. I suspect someone knew this was coming before that article was posted/printed.

The sentiment towards mining in Tanzania is improving. The issuance of mining licences, particularly to some of our ASX-listed peers, will be another step in the right direction.

Once this cloud of uncertainty (with the situation in Tanzania) is no longer hanging over head I suspect that we’ll see the market start to price in some of the value of our downstream processing facility (SGP). At the moment none of the potential value of the SGP is priced into our MCAP.