wishful thinking it seems Orange, though I really hope one of those options could be achieved. Radio silence from the company doesn't provide much confidence.
It would have been nice if PLN had gone back to EWC for a new PPA , but the road blocks appear to be real. I.e. Indo. reducing Gas Fired power plants (as unbelievable as that seems) and increasing coal.
Hard to know if this whole saga is corruption that just can't be overcome. it's starting to seriously feel like EWC have little future in Indo. The question mush be, can they sell these assets or again will they be thawted trying to do this and effectively take a massive haircut.
The Philippines might offer some hope but it's six months away and requires Capital.
Can EWC actually hang in until then with no earnings and little hope of raising capital it seems to complete Pagbilao. Are we hoping SE will step up along with Chandler or have they had enough of this game?
It's getting serious with the stocks at nearly 4 c.
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