Hey all probably not the right place to ask this but I was having another look now the cashflow seems to have stabilised as an investment thesis, liked the concept when they merged but cash burn was far to high for my liking. Looking at the management changes the only person left amongst the founders and senior management from RWL and emefcy is Richard Irving.
From my mind looks like RWL has been ditched and its back to emefcy in terms of strategy with the ivory coast deal providing cashflow until next year with a chance of more lucrative maintenance contracts to follow.
Costs are down as management has been trimmed and focus more on being a facilitator rather than trying to project manage the whole process like with the ivory coast plant which was a deal I guess won by the previous CEO.
Concentration of marketing efforts into territories they have already had sales and no longer pursuing prime contracts for large projects like the ivory coast plant as no other major projects have eventuated as there are many incumbents there already.
Is that a fair assessment?
I had a technical question as well about where does all the solid matter go? I.e. the solid waste crud. Surely there would be debris that would need to be manually removed from the system and seems like it would be difficult manual handling to get it out of a shipping container and labour intensive, not doubting the opex, capex numbers but being a distributed system means there are no centralised ponds for this sediment to settle and be handled on mass. So what happens to it? Where does it get dumped?
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