Mike, covid was an inconvenience and absolutely did delay things but not to the extent that’s occurred here, Regardless, the site is almost finished. I actually went on-site, a hi-viz jacket gets you into more places than a suit. Site is good, it’s as good as all the others which is all that matters. DWER will pass it when finished. The lining system is a welded geo membrane over sand construction. Leachate and gas extraction pipes will be laid as the site is filled. It’s important to know Mike that when open, you can only start off with reduced inputs as you have to build up the base layers, to prevent puncturing the liner. Just for a few weeks. The success here is going to be the inputs which is still a question mark. The contract from Bracos is not good, it never was. M8 post Tom need to reenergise themselves and get commercially focused on feeding Maddington with waste and road train it to Gingin. License modifications for Maddington to act as a feeder transfer station and then talk to all the other transfer station operators to get semi trucks going to Gingin. The operation has huge potential in the right hands. The purchase last year of Suez by Veolia has created massive opportunities in all the things they are getting wrong whilst trying to merge the two companies. Change of management, financial backing and a good sales team. This will work out well.
M8S Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
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