Very informative post Doc, really good info. All alternatives have significant challenges.
The competing landholder route appears unmanageable given the owners of the coal fired station would not allow EWC T into the adjacent substation.
Submarine cable is fraught with cost, complexity and risk (see Basslink) and could take an extremely long time to complete not to mention the planning process.
Plan A appears to be the only manageable route to market. How come EWC cannot secure a compulsory purchase order for right of way for transmission - this is market standard? I cannot see how the cost of this land outweighs the daily lost revenue of having 600MW of energy running full tilt into a grossly under supplied energy market.
Personally I do not take any heed of the share price. Cashflow will determine value in the long term. There was mention that Chandler may have topped up for margining reasons. If he topped up as a pure play investment that is extremely encouraging.
EWC Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
