agm, page-12

I was at the agm also, they said soil remediation was flat out, they've just employed an industrial chemist, are keen on looking at high margin acquisitions. Will talk to others regarding better or more specific equipment to do specific cleaning jobs thru jv's or such arrangements.

There's a high demand for incineration services because big companies like to get that piece of paper that tells them they are free from liability of disposal.

Will use options money to pay for Delvex, positive about synergies there but may be a settling in period for first month or so. Delvex have 6 liquid waste tankers so this is new for them.

Laughed at the suggestion of a takeover, want to keep growing. Did acknowledge that there were risks in the business as with any but said they could use these risks to their advantage because of their knowledge in the field, ie with political risks and licensing etc.

It was all pretty technical and efficient sort of a meeting, mgt seem enthusiastic and keen to grow. In general seemed to be a pretty cluey lot.

Last I saw of kawartha he was heading off with the Kwinana operations manager to view the site. he have a bit to tell later, I imagine.