WEC 7.14% 3.0¢ white energy company limited

why unloved, page-9

  1. 1,946 Posts.
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    Excellent accaeric thanks: There may be a negative in the WEC share price for directors being tied up in legal wrangling over Tabang and taking their minds off other matters. There is also a possible ongoing loss at Tabang both direct and indirectly.

    The worth of the Phillipson Lake venture may well be downgraded following the collapse of Linc Energy's stock price - I know a sale fell through as well - as they are presently drilling East Wintinna, Arckaringa, and should be first to produce oil from coal.
    WEC will have continued ongoing costs at Phillipson and really need an earner to stop depletion of cash reserves.

    Probably only a sentiment, ST Buy, on a fallen too far basis. Needs some brilliance from messrs Flannery and Co.

 
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