Past year: ▲ 661%(2.80c – 29.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2006half year report▼ Bad
Half-year to December 2005: loss of $324,092 versus $198,005 a year earlier, partly because the prior period included a $200,000 provision reversal. Nanutarra nickel surveys found no worthwhile targets; White coal technology due diligence continues.
28 Feb 2006material agreement▲ GoodMajor
Amerod said White signed a heads of agreement with PT Bayan Resources for a Tabang coal briquetting joint venture, 51% White and 49% Bayan, starting at 1 million tonnes a year. Directors favour exercising the option to buy White's technology, subject to shareholder approval and a capital raising.
30 Jan 2006quarterly activities report● Neutral
Amerod (the company later known as White Energy) reported its December 2005 quarter: it holds an option, extended to June 2006, to buy White's coal briquetting technology, while Western Australian nickel and gold exploration continued. Quarterly net operating cash outflow was $315,000.
