Quarterly cash flow report for end of quarter 30 September 2015 (dated 30 October 2015) says WKT had $669,000 cash on hand.
The report goes on to say that it expects to spend a further $400,000 in the current quarter. $100,000 of that was administration costs.
That would have left $229,000 at the end of December 2015.
So, if we presume a further $100,000 in administration costs in the Jan-Mar 2016 quarter, then that leaves $129,000 to do carry out all of the tasks required for further investigative work and a feasibility study.
Seeing as yesterday's announcement did not achieve the popularly decried 're-rate' I wonder how much dilution to shareholders will occur to continue to fund WKT's operations.
Is a capital raising coming up shortly?
GLTAH
WKT Cash Situation
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Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| WKT (ASX) Chart |