transport bottleneck @powder river basin (usa), page-2

Hi theInquisitor,

The WEC story had great promise, but too many delays and disappointments have destroyed any faith in this company. I held over 500000 shares at one point.

IMO, the current court proceedings wont be settled until late 2013 and the Tabang plant will sit mothballed. But the plant will require ongoing funds to keep it maintained. The company is currently spending more than it is receiving...how long can it do this?

With coal prices easing, the resources boom cooling IMO, and lack of any new Coal Fines upgrading or new BCB plant agreements, the SP will drift sideways for a while. There may be trading opportunities, but there are no current reason for investing in WEC. Hopefully this will change.

I sold my last shares in the mid 30’s and will wait until there are any new significant developments before re-entering. GLTA