WEC directors are quietly waiting for the outcome of events...

WEC directors are quietly waiting for the outcome of events concerning Cascade Coal in NSW. Everyone has the right to put their case and no doubt decisions will follow.

Tabang is bankrupt under Indonesian law and I'm unsure of the laws in that domain.

WEC and Bayan will put their cases before the court in Singapore, most likely in 2013. Nothing can be done meanwhile and director resignations could not possibly help.

The coal fines briquette venture should work out well but needs time and labour relations are disastrously uncertain out there in South Africa.

Phillipsons looks stalled until South Australian power stations reach an agreement to take coal probably at first from the Ingomar trial pit. Coal was tested between 2006 and 2010 so appears to be OK.
Meanwhile profits continue from sheep shearing and cattle sales. Prices are reported at record levels.
WEC need a partner to advance coal enhancement and diesel from coal. This looks a long-way down the line.

Lots of uncertainty but the WEC stock price hit 20c recently against $4.20 a few years ago. I say no more.