WEC 0.00% 4.8¢ white energy company limited

Ann: Quarterly Activities and Cashflow Report - A, page-22

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  1. 1,852 Posts.
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    re: Ann: Quarterly Activities and Cashflow Re... You've got it in one Tokyo.

    Under its old name Felix was Auiron Energy that collapsed from $1.35 to 3.5c, after its S.A.S.E. iron ore pig iron plant collapsed and nearly bust the company.

    A company named RMM arrived and brought in the Yarrabee coal mine in 2003 into Auiron. [ the mine wasn't much as coal prices collapsed - they rose rapidly later ].

    In came Flannery and Co in 2004 with White Mining in a reverse takeover. They had the Moolarben Project and Ashton Coal Mines in NSW and changed Auiron's name to Felix Resources.

    They bought a 51% stake in the Minerva coal mine in QLD in 2005 and fought off the mighty Xstrata in a legal battle over Moolarben.

    Duncan, Flannery and Mende are the toughest in the business, and saw the Felix stock price rise 66 fold, yes a 66 bagger.

    If they can do it again with White Energy then we could see $13.00 and leave my guess of $6.00 far in the distance - good luck guys
 
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