I speculate that there are 2 options that EWC are raising funds for:
1. Equity raising with the Chinese or other to enable EWC to fund the building of the complete set of 10 modules in Sulawesi (of which 4 modules are already in build).
2. Raising money to purchase an additional gas resource to enable EWC to produce the 15million tonnes per annum target in 5 years, as noted previously.
Either way EWC is kicking massive goals, and considering the average Tom, Dick and Harry have never heard of them are doing well Share Price wise. Will be interesting to see how much the SP explodes when people actually start to notice them. Credit Suisse won't be alone for long.
EWC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
