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9.5¢ walkabout resources ltd

Unsubstantiated information again Spid. Can you please provide...

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TropFreedom

409 Posts.

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30/01/23

15:25

Post #: 65951922
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Originally posted by spid81: ↑

Hi R08

I have one issues with Croc's sales pitch,

Faro is an Australian company, located in Sydney. we all know from the changes with the Tanzania mining and banking acts that foreign lending is excluded, which means it is unlikely Faro will be able to provide a loan directly to Lindi Jumbo - I.e they cannot use the Tanzania assets as security.

The only way Faro could lend WKT money, is to the parent company.
I would be very surprised if they can obtain any security over the LJ mine due to the Tanzania laws. This may only leave the option for convertible equity like BMCG or a high interest unsecured loan.

WKT still needs over $15mil to complete the mine, WKT has not detailed if it has any funds for commissioning or the OPEX required to operate the mine. it could be months before WKT has enough graphite concentrate available to unlock Wogen's sales and marketing contract.

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Unsubstantiated information again Spid. Can you please provide the supporting documents for this?

We need only 10M to finish the mine not 15M.

WKT Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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