Walkabout Resources (ASX: $WKT) Quarterly Cash Flow Report

Walkabout Resources Limited (ASX: $WKT) has released its quarterly cash flow report, indicating a positive outlook for the company. The report, dated 29 April 2024, highlights the availability of an additional Gemcorp facility of $7.7m and the expected commencement of sales in the next quarter. Furthermore, the company is in the process of finalizing the negotiation of a Working Capital Facility with a local Tanzanian bank.

Executive Commentary on Cash Flow Report

Yes. Additional Gemcorp facility of $7.7m available and revenue from sales will commence in the next quarter. Also, development costs will decrease with construction to be completed next quarter. No, not required due to availability of finance facility and expected commencement of sales in the next quarter. Yes, availability of unused finance facility and expected commencement of sales in the next quarter. In addition, the Company is finalising the negotiation of a Working Capital Facility with a local Tanzanian bank.

Summary of Quarterly Cash Flow Report

Walkabout Resources Limited (ASX: $WKT) has reported a positive outlook in its quarterly cash flow report. The availability of an additional finance facility and the expected commencement of sales in the next quarter indicate a promising future for the company. The decrease in development costs with the completion of construction next quarter further strengthens the company's position. Additionally, the ongoing negotiation of a Working Capital Facility with a local Tanzanian bank reflects the company's commitment to meeting its business objectives and ensuring continued operations. The report complies with accounting standards and policies, providing a true and fair view of the company's cash flows.