The last investor presentation from April 2014 as well as numerous publications released in the course of the take-over of MCC about a year ago had been claiming that approximately 50% of the coal production of Mountainside Coal Company (MCC) were coal fines and that it is expected that applying the BCB process to these would increase the value of the business:
http://www.whiteenergyco.com/pdf/Company%20Presentation%20-%20April%202014.pdf p. 28
However the latest investor presentation from September 2014 now only speaks of 25% coal fines that arise at MCC:
http://www.whiteenergyco.com/pdf/Company Presentation - September 2014.pdf p. 19
How could the amount of coal fines change so dramatically wthin less than half a year? Why did the company not inform shareholders of these substantial changes? In any case this means that there is less potential for increase of the business value of MCC and consequently of WEC.
Once again the WEC management has proved their continous failure to hit their forecasts.
suddenly only 25% coal fines at MCC instead of 50%
Add WEC (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.12pm 22/11/2024 (20 minute delay) ? |
| WEC (ASX) Chart |
Day chart unavailable
