If EWC's failed capital raise (Nov-Dec 2022) was needed so that land could be purchased and Transmission lines built ..... how can the project proceed? (Other than the Chairman putting in some money and forgiving some debt) the capital raise appeared to be shunned by the market.
If they can't buy land / build transmission lines ... then all they seem to have built is a very expensive paper-weight that hass presumably deteriorated to negligible value? (Any alternative / better informed views?)
Any power or gas infrastructure engineers here? is it OK to leave that kind of equipment sitting around for [how many?] years?
Is the equipment even viable anymore or is there risk that the company will need to pay to move and remediate the site?
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $33.86M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.0¢ | $116.1K | 9.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1959706 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 468000 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| EWC (ASX) Chart |