the hype is in the pipe, page-9

Hi Umshebi,

You can look at it in another way (and come to the same conclusion):
1. The EPS for the 315MW power station alone is about 3 cents.
2. SCPE US$75million subscription of convertible notes and warrants re: Philippines projects to be able to be converted to shares at 50 cents/share and (most recent US$2.5.million warrant at 60cents/share).
3. Sengkang lng facility and Philippines lng hub plus first phase (200MW) of 600MW power station to become operational during 2014.
4. Profit from 0.5mtpa lng facility is about US$75million/year.

I suspect that the currently vastly undervalued share price may, in the main, reflect a desire by one (or more) parties to accumulate a substantial amount of shares (at these extremely low prices) prior to any major announcement relating to projects and/or project progress which would consolidate EWC’s transformational change, namely from a company planning projects to developing and monetizing projects.