WEC ... White Energy Corp ... today successfully froze Bayan Resources holding in ASX listed Kangaroo Resources ... KRL... value of shares frozen ... AU$450 mill ... makes funding of both KRL and Bayan highly problematic ...
... KRL and Bayan very big players in Kalimantan ....
... Surely an opportunity for ADD to benefit from this mess...
... Either ...
.... pick up on some of those projects that may have become marginalised by these actions ... KRL/Bayan involved in over a dozen mining licences in Kalimantan ..
.... look to step in and supply WEC's .... coal up grading plant in Kalimantan directly ..... now the Bayan supply seems to have fallen over ..... according to the Arthur Philips website .... our Chairman is one of the main movers and shakers behind WEC... could he do something that benefits both ADD and WEC .... before the next imaculate conception ...??????
ADD Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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