It would appear that CWE's share price has not followed the traditional path normally expected after a cash raising.
You would expect that the SP would have at some stage dipped to, or below the SPP price of 5 cents. Three SPP's in three years means that there are a truckload of shares available to be traded.
The fact that the SP is 10 to 12% above that, tells me that those that hold the stock are hanging on to them. The one thing keeping a lid on it at the moment, is that PWEP is not yet complete.
What will happen when it is?
Draw your own conclusions.
As for what our government will do, I do not care. If they want to squander the opportunity offered by this homegrown technology, they will have only themselves to blame. However, I do not think that will be the case.
The completion of PWEP will remove the shackles and international interests can reveal their hands.
Our government will not want to be seen as anti Australian industry.
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