WKT 0.00% 9.5¢ walkabout resources ltd

WKT 75c fully funded, page-84

  1. 16,679 Posts.
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    Oh dear both of you really need to get some education rather than posting false and misleading information.

    The Governement of Tanzania will secure 16% of Lindi, This is the Free Carried Interest.

    In simple terms, they are a 16% shareholder of the Tanzania company. These shares have not been issued.

    Anytime Lindi makes a profit where WKT would like to return funds back to the parent company (ASX : Walkabout Resources) 16% is paid to the Government and 84% is paid to Walkabout. Out of WKT's 84% share, they can spend this on what ever they like, they don't have to pay any dividends to its ASX listed shareholders.


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