Ann: Half Yearly Report and Accounts, page-23

Dear Maxy2181
the list is basically irrelevant as most are listed as nominees and many shareholders have holdings under more than one entity . The directors can get a list of who has what but for as long as I have known they will not do this publicly out of respect of shareholder anonymity. Having said that ,a large amount of the current shareprice weakness can be traced to two funds selling out concurrently along with the algorithmic trades around them. That was the bad news ,the good news is that they are, as I am led to believe, now finished. If correct the SP will now slowly move up just with algorithmic trades but in the absence of any new large seller it will move up rapidly if anyone wants to take a position in the stock.
The Philippine loan draw down is imminent, the first loan approx. $150 mill USD then within days/ couple of weeks a second for approx. 80mill USD . Discussions with concern to a bank taking a position in the LNG hub are progressing well.( I have mention previously what both Sengkang and the Philippines have been value at) As mentioned at the AGM15 the bank as seeking a 20% position ,once again this will add a substantial liquidity increase. It may be that some are waiting for the loan draw down/ finalisation to occur ( which is entirely reasonable) before taking a position.
It has not been recognised the income that the Philippine project will deliver at 400 MW and soon increasing to 650MW.(again I have mentioned the figures previously) Plans with a total of 3000MW may well be more advanced than many have assumed. Once the loan draw down occurs that will be the start of a coordinated series of events and hopefully unleash the dogs of war on the shorters!
There are many other things occurring and from what I have been informed the EWC management have been hammering it to get there and they are well aware of the level frustration.

Cheers Doc