Those are very good points you make. In the circumstances, and only a guess, WEC may be considering requesting that Kangaroo Resources KRL shares are suspended. This could also include shares in White Energy as well.
Are KRL shares worth the 15c bid price? What are WEC shares worth? If they are eventually awarded a large sum and get it then the shares should rocket. There are the several other alternatives down to not getting very much. Which way will the Appeal go in Singapore?
There is so much uncertainty as to whether Bayan's bid for KRL will be blocked by FIRB or not.
WEC could also return to the courts in Australia.
Will PT Bayan TBK bid for WEC?, page-6
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4.8¢ |
Change
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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 |
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