As I said a little time ago EWC is heading towards $!. The sp is a strong 77.5c at the moment. This probably reflects the Chinese LNG contract being very close to signed off. Also EWC is now part of the All Ords and as such the insto's have to buy it. Once an announcement on the Chinese contract is signed they will be tripping over themselves to get their allocation and I for one won't be selling to them. I have done a back of the envelope valuation of EWC once the Chinese LNG and Philipines LNG power station is up and running and come up with a $3-$4 sp.
Good times ahead for EWC and this should just be the start of another rerating of EWC.
I was telling everyone of EWC's potential when they were 2c and I loaded up then so don't say I didn't warn you this time.
As I said a little time ago EWC is heading towards $!. The sp is...
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