WEC's position - cash running very low

Quarterly Report to 30/06/2017 - Http://www.asx.com.au/asxpdf/20170731/pdf/43l1d1m7gnsnyz.pdf
 River Energy has been unable to secure access to a supply of fine coal for its proposed BCB plant in South Africa (April)
 Drilling of a possible iron oxide-copper-gold-uranium target underway in South Australia (April)
At 3oth June 2017  WEC had cash and equivalents of A$3,311,000.  Estimated cash outflow to 30th September 2017 is A$1,112,000.
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Bayan have appealed the Tranche 2 decision in August 2017.  WEC are to update shortly. The court had ruled in Favour of White Energy's subsidiary on Tranche 2 in July 2017.  White Energy have invested over US$110 million in Tabang Project.
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Review of Investment in Mountainside - 28/04/2017 - http://www.asx.com.au/asxpdf/20170428/pdf/43hw9lk8lvfxy9.pdf
 Exploration and infill drilling program at Mountainside Coal (USA) completed with over 160 wells drilled since October 2016
 Sale commenced for Mountainside Coal Company in USA (July 2017).  A number of parties have registered an interest and are reviewing details.