The last 6 monthly/or annual announcement saw the debt hammer removed so I'm thinking that might account for the support about 40c, however the market hasn't seen the fine print of that arrangement.
If there is one truism that applies across all markets and investors alike, that is investors or speculators will not put significant amount of money into something that isn't transparent.
Add the uncertainty of success and you have what is up with Energy World.
Hoping management haven't got us spread across two barrels, so to speak, in two different countries at the same time?
But I fear, the longer this drags on, that is exactly what has occurred.
Hoping I'm incorrect and an announcement is just around the corner.
EWC Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
