I wouldhave thought that there are a number of attractive propositions (not in orderto importance), including the following:
1. 25% premium to recent VWAP indicatesconfidence on the part of EWC Board and lead manager.
2. Lead manager’s fees are roughly halfof 2021 EWC entitlement offer and lead manager takes 50% of fees in shares (andoptions). Shows confidence on the part of lead manager.
3. Unsolicited personal statements fromJohn Phipps and Sean Gardiner were very positive.
4. Free Options 1:10 at 12c expiring in 2 years.
5. EWI and Slipform have committed toenter into good faith negotiations with EWC prior to their debts falling due on30 June 2024.
6. Stakeholder pressure (incl.EMP/( EMA), SKKMigas, local contractors, (former) employees, residents/business re: experiencing brownouts etc).
7. Sengkang power plant may be able todispatch electricity to PLN again, either on an ‘interim’ basis or in relationto a new PPA.
8. Sengkang power plant valued ataround US$150million (operational) or US$80million as per present.
9. Record date for entitlement is 30Nov 2022 5pm.
10. EWC share price 30 Nov 2022 4.10pm?
Ann: Non-Renounceable Pro-Rata Entitlement Offer to Raise $54.5M, page-4
Add EWC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $33.86M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.0¢ | $116.1K | 9.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1959706 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 468000 | 2 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| EWC (ASX) Chart |