Even more now hinges on the outcome of claims and counter claims, regarding Tabang, versus Bayan in the Singapore High Court. At least WEC directors are experienced in these actions as they were with Felix Resources in their tussles with Xstrata. Having Bayan's shareholdings in Kangaroo Resources frozen was a sensible move that showed WEC can punch their weight in a drawn out litigation. So if WEC win damages and costs they will eventually be paid.
I'm half expecting WEC to receive US$20 to US$40 million plus costs from Bayan in an out of court settlement.
WEC will probably make more asset purchases. All these are likely to be coal mines that are up and running.
WEC Price at posting:
18.0¢ Sentiment: ST Buy Disclosure: Held