The Pakar coal deal between Bayan and the Roo has a very substantial value for Bayans business and their major KRL share. As you are aware Bayans shares in KRL have been deeply froozen by australian lasw as long as the legal dispute between Wec and Bayan continues.
IMO there are a couple of issues that are preventing the Roo from bouncing:
- Whites freeze order against Bayans KRL shareholding
- KRL is dependend on Bayans continued funding
- Bayans tottery financial situation
- Bayans dishonest business appearance in relation to the JV with WEC and the Pakar coal deal towards KRL.
All this adds uncertainty to KRL which is very toxic for shareholder value. I would appreciate if you can share your motivation for joining WEC long time ago.
Legal update, page-6
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