WKT General discussion, page-5

Interesting to see how this goes in the short term. No doubt this is one of the cheapest graphite plays in the market especially considering how far the mine has developed. One of the best IRR have seen and DFS looks a no brainer. I bought a nice chunk in the placement and will add overtime but just a little cautious until more news arrive. The rally could be driven purely by this stock being undervalued; debt funding sorted or is just a pump as it does seem they have a large shortfall @ 11 cents as just raised the minimum to get relisted of 16 million.
****Rights Issue to Raise up to A$33.17 Million to Complete Construction of Lindi Jumbo Graphite Mine****
****Walkabout Resources Limited (ASX: WKT) (“WKT” or the “Company”) is pleased to advise that it has raised*****
A$16.6 million through its non-renounceable entitlement issue (“Entitlement Issue” or “Offer”), pursuant to
the Prospectus dated 25 August 2022 and Supplementary Prospectus dated 8 September 2022, closed on 28
September 2022.
of the 16.6 million 13.4 million has already left the building
USE OF FUNDS A$m
LJ Project Creditors 12.497
Offer Expenses 0.865.
Looking for announcement sometime 2 or 3rd week January that debt funding sorted, or shortfall placed.
Good Luck and DYOR