It does seem doubtful that WEC will ever receive A$1.1 billion however exchange rates have moved the goalposts. They list their expenditure at US$110 million and seek costs and damages in Tranche3 - this now having been appealed at Tranche2 by Bayan's subsidiary.
WEC are at the bids in stage for the sale of Mountainside in USA. The project is now 50% owned by them and a large drilling campaign was completed last year.
White Energy shares at 4c have a market cap of A$12.14 million. This looks derisory, however, the Singapore dispute is subject to appeal and Mountainside bid details have not been announced yet.
Claim was for US$750 million, page-2
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.158M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35710 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 10000 | 1 |
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| WEC (ASX) Chart |
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