WCL 0.00% 39.5¢ westside corporation limited

Thank you so much everyone for such an excellent, "dissecting"...

  1. 54 Posts.
    Thank you so much everyone for such an excellent, "dissecting" discussion. It has given me, and i hope many others, an incredibly thorough insight into what makes WCL, the reason for its current financials & challenges ahead.

    While i do feel that the current infinitesimal price drop is merely due to geo-political flutter, with what i understand, i feel that buying in at the current price has much associated risk. May reconsider a little below the 26dayMA.

    It has been great to see that rather than WCL "sitting on its laurels" as initially suspected, I have seen that infact they have been actively searching a technology or method that can increase their production rate. I hope their research with Santos, Haliburton, and others has not been in vain. May be time to try a "Russian Co."!!: )

    Rather than use rapidly diminishing cash reserves, I would've thought given their attractively located acerage, a farm-in or "profit share" deal with a state of the art drilling technology company, would have been the way to go. In anycase, apparently all known existing methods have been tried and they seem to have arrived at an action plan seemingly backed by an independent validation report for increasing prod'n from 12 to 40TJ/day. as Hendrous says above there is only one thing to do, decide if it is feasible. Tough decision!

    Good luck holders and thank you again everyone.





 
watchlist Created with Sketch. Add WCL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.