Re US$ - I saw announcements saying the energy shortages meant there was a preference to keep gas in the domestic market.
Am I reading this all correctly ...? * We think there was a BOOT contract in place so EWC may have had to transfer the power station for (little to ) no consideration / payment?? * Until the PPA expired, this was one of two revenues sources, right? * All they have left is half the upstream gas asset that will sell power to this power plant ?? (If they just sold a 95% owned asset that was previously a main source of income .... why is there no ASX announcement.)
The Sengkang LNG assets are 80% complete ....with no money to finish them. The Pagbilao assets are [80%] complete ....with no money to finish them. The Australian upstream assets need money to be brought into production ....with no money to finish them.
I note that up til around 9 years ago the Annual Accounts had (a 100 more pages and) a letter from EY confirming EWC was a 'going concern'. With huge debt outstanding .... can we expect that they are still viable??
Am I missing something here ...??
EWC Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
