EWC

10.0%

0.9¢ energy world corporation ltd

16cps EWC plus $100m cash from the float.

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capital3157

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17/10/22

11:19

Post #: 64231814
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Originally posted by capital3157: ↑

Strategy:

On the basis of the valuation above, I believe the following strategy needs to be considered by the board of EWC.

Upon achieving operational certainty at Eromanga with the ability to provide definitive proof of the achieved gas price and a projected P&L, EWC must look at floating the Australian gas interest into a separately listed company.

That way, listing Eromanga at a valuation of say A$200 million (with minority Oz gas interests) and retaining say 50%, would deliver to the company an injection of A$100 million for deployment into realizing the completion of the Filipino assets without further recourse to shareholders.

Following that separation, and with the operational start of Gilmore down the track, EWC will be able to vend Gilmore into the listed entity at $200 million with EWC holding a 75% interest ($300 million).

The Australian gas assets can become a vehicle for the development of the LNG business and other gas opportunities without recourse to EWC shareholders. The market value of the EWC interest would be treated as a look-through valuation and immediately be reflected in the share price. This way the company can avoid an expensive a costly dilution of the existing shareholders in seeking to fund the Philippine assets.

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16cps EWC plus $100m cash from the float.

EWC Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $27.71M

Open	High	Low	Value	Volume
1.1¢	1.1¢	0.9¢	$24.64K	2.365M

Buyers (Bids)

No.	Vol.	Price($)
4	1859285	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	288000	1

View Market Depth

No.	Vol.	Price($)
4	1859285	0.009
6	981222	0.008
2	890600	0.007
2	2250000	0.006
2	500000	0.005

Price($)	Vol.	No.
0.012	288000	1
0.015	181052	2
0.016	725000	2
0.020	50000	1
0.025	10000	1

Last trade - 16.10pm 04/10/2024 (20 minute delay)

EWC (ASX) Chart

16cps EWC plus $100m cash from the float.

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Buyers (Bids)

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16cps EWC plus $100m cash from the float.

Top Stories

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News