Repost - Comments: Substantiate the claim they are making please. [required by Hotcopper].
At a present market cap of $28 million and shares priced at 8.3c, WEC represent a good gamble in my opinion. They are claiming A$1.1 billion against Bayan, and if successful, could get a fair and considerable sum awarded. Not to say that I've any clue as to the result, maybe just that, a punt for those who don't mind losing out.
http://www.tradingroom.com.au/apps/...detail&sy=tpl&type=delayedquote&code=KGL#tabs
http://news.asiaone.com/news/singapore/11b-dispute-first-case-heard
Thermal coal prices futures rebounded in the states in January, and are now over $43 per tonne. Augers just a little better of late and just maybe Saudi Arabia and Russia will agree on an oil price production deal and thermal coal may get an uplift from that.
http://dr.platts.com/latest-news/co...-coal-futures-rebound-in-january-cme-21950843
http://www.infomine.com/investment/metal-prices/coal/6-month/
http://www.dailymail.co.uk/wires/re...meet-amid-shifting-mood-oil-cuts-sources.html
Coal enhancement is going well in the US, even if coal prices have only picked up a bit. The coal fines contracts in South Africa has yet to be fully finalised and this may also improve White Energy's prospects this year.
http://www.stocknessmonster.com/news-item?S=WEC&E=ASX&N=903826 - pages 3 to 5
Down is WEC's share price but the company is far from being out!
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33614 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 958 | 1 |
View Market Depth
| Last trade - 16.11pm 08/08/2025 (20 minute delay) ? |
| WEC (ASX) Chart |
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