Exactly.
No secured debt, so administration would have to be voluntary.
Cash on hand plus sale proceeds mean, from their 5B, even without the $2m security bond becoming available, that would give them 4 quarters of operational capital.
Time enough to get a contract or two for the BCB process in Shanxi and South Africa.
Time enough to appeal the damages result in Singapore.
Time enough for capital raising, especially from the unsecured investors of $31m.
Are the fundamentals of WEC still good?
Or does the SP dump show that the entire operation was hanging on a decade-old damages claim?
I guess the next announcement from the management team will reveal a lot!
- Forums
- ASX - By Stock
- WEC
- High Court of Australia - SICC - Indonesia
High Court of Australia - SICC - Indonesia, page-10
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WEC (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.0¢ |
Change
-0.005(9.09%) |
Mkt cap ! $9.949M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $0 | 2 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 78299 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 167 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 78299 | 0.050 |
1 | 100000 | 0.040 |
1 | 35710 | 0.028 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 167 | 1 |
0.070 | 8000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 10.09am 18/10/2024 (20 minute delay) ? |
Featured News
WEC (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online