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Business Description: White Energy Company Limited (WEC) is a technology enabled natural resources company focusing on the development of the Binderless Coal Briqueting (BCB) clean coal upgrading technology. WEC has two main divisions namely coal technology in Australia, Indonesia, USA and South Africa; and coal mining in Australia.
Strategy Analysis: WEC continues to focus considerable attention on its North American business development initiatives, including work on developing permits for both the Buckskin and Peabody Energy projects in the Powder River Basin, Wyoming, USA. In addition, WEC is working with the State of Kentucky with respect to the potential construction of a BCB plant in that State. WEC has continued to analyse opportunities in Africa for the upgrading of discarded thermal coal fines into compacted, transportable and useable briquettes with significant increases in energy content and value..
White Energy Company reported negative cash flow of $32.75m for the quarter ended 31 December 2012. Operating cash flow for the period was $(6.83m). Payments for exploration and evaluation were $(75,000). Investing cash flow was $(927,000). Financing cash flow was $(25m). Cash in hand at the end of the quarter was $100.59m.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
The Age 19/12/2013 |
Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.
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