good thing they have $5m working capital until first sales and the plant is producing above the break even rate. Considering WKT haven’t drawn down on this capital yet suggests either the plant is running above the break even capacity and first sales have gone through topping up their working capital or the $2m left over from construction has been enough for the last 2 months of operation.
My estimates are that it would be costing about $1m per month operating costs and if they haven’t loaded ships yet they would be due to draw down on Gemcorps $5m. Going on that estimate the $5m will give them another 4 months of operating costs if needed. But that’s not including any sales from Wogen
good thing they have $5m working capital until first sales and...
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