On the White Energy Company website under investor is the research coverage by Southern Cross Equities(SCE) dated 30 November 2010 and other brokers.
The twelve month target valuation by SCE for White Energy Company is $5.39 compared with the current price of $3.14.
I spoke to the analyst several days ago and she said that the company is still track with it's financial forcasts.
The White Energy shares have been sold down due to the proposed purchase of Cascade Coal at a minimum price of $3.50 per share . A meeting is scheduled for March 2011 to approve/decline the purchase of Cascade Coal. I expect that around the time of this meeting that the shares will improve materially.
On the White Energy Company website under investor is the...
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Mkt cap ! $9.750M | |||
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