High Court of Australia - SICC - Indonesia, page-10

Exactly.
No secured debt, so administration would have to be voluntary.
Cash on hand plus sale proceeds mean, from their 5B, even without the $2m security bond becoming available, that would give them 4 quarters of operational capital.
Time enough to get a contract or two for the BCB process in Shanxi and South Africa.
Time enough to appeal the damages result in Singapore.
Time enough for capital raising, especially from the unsecured investors of $31m.

Are the fundamentals of WEC still good?
Or does the SP dump show that the entire operation was hanging on a decade-old damages claim?
I guess the next announcement from the management team will reveal a lot!