Let me just remind those (including Michael West) who get 'hung up' about the extent of any 'related party' transactions/agreement which, by the way, have been reported in a transparent way in every Annual Report since 2008 that one of the most critical bottom lines in any business relates to containing/reducting costs. In EWC's case, all 'related party' transactions/agreements allow it to build, let's say a 4mpta LNG plant for one third of the costs than those companies using a conventional approach. Well done EWC!! Using related party (sub) contractors has great financial benefit.
And to TanuNui I can only say: how more predictable can you be!! Now that Michael West's fraudulent journalistic attempts have been exposed, you now introduce concerns as to whether the modular LNG trains will work. Get a grip on yourself and realise which world leading companies (eg. Siemens, Chart) are involved in providing the components for these modules and that no new technology is involved. The issue with EWC's modular trains is not whether or not they work, but that they work and that LNG plants can be built so cheaply and a lot of stranded gas can be commercialised using this approach. And yes, the established players do not like it at all.
EWC Price at posting:
40.0¢ Sentiment: ST Buy Disclosure: Held
