All looking good here. Have not had time to fully look in detail at the RNS but see they hope for Parliamentary approval to UCG Q4 2013/Q12014. Hungary are pushing Nuclear power as well as gas.
Give this a buy today with target of 14p. They say that this is going through a transformational stage, have a stack of cash which equates in excess of the current share price and have a heavy weight board that is more than capable of securing cracking corporate deals.
Same as me. I didn't sell. either. Like the look of the whole set up and eventually all being well this should go places. At least I did not have to buy everybody a banana yesterday.
Good points. Suggest we ask an Aussie investor to ask these questions at the AGM Government appears to be moving quickly at the moment on energy (as like most o governments) to obtain support at the next elections. I do have relatives in Australia but on the east side so doubt they will be able to go along.
Not sure when but it should be soon as current Hungarian Government are looking to reduce energy prices before elections which are next spring. They have promised to reduce gas prices and also push through more nuclear energy. Feel this is why we have a lot of interest in WHE stock as investors take their positions before news breaks. http://www.politics.hu/20131018/hungary-could-have-cheapest-power-in-eu-via-nuclear-energy-says-orban/
I was getting worried that previously there was very little volume trading this week on the ASX. Good to see high volume today and a jump in sp down under. I suspect that most investors realise that Hungarian Government approval to UCG is pretty much guaranteed. Plus you have the Poland connection that together with Nuclear energy in the news with the V4 countries pushing for Nuclear power. You are betting on two Wildhorses on this one. So not much risk if any at this price. Further the potential for WHE is massive if all goes to plan and UCG spreads across Europe.
No volume on ASX so maybe that is stopping this from moving? Would now expect some volume down under tomorrow which might make this shift here tomorrow as well. Not sure how the two work but they are supposed to be the same sp. Looks for sure that this is been held back by strong Wildhorse reins. Expect them to snap at any time. See how this finishes and what happens on the ASX.
It was getting lonely on here. I knew there must be someone else out there with the number of trades going through. Either they all know something or there are some savvy investors snapping these up at this low level. Sp keeps bouncing up to 2.4. Did manage to buy some more myself at 2.25p