I'll be surprised if we rerate today, or next week, or any time particularly soon(not before FEED contract?). A small company that almost no-one knows about purchased a slightly larger company that most people haven't heard of and they're working towards a project for a major client that they're not supposed to mention.
Ok, needlessly flippant, but we're a small fish in a not very scenic pond. Waste water treatment isn't a headline grabbing industry. It ain't the sort of thing to get a load of investors fired up at first glance. It's also the type of business where customers just want to keep it quiet and see their problems solved.
I do hope that at some point, the involvement in a CSG waste-water solution that hits the QLD products-from-waste preference will be something that clients will want to talk about. An actual environmental circular economy gain with no greenwashing required. However, I can just as easy see things going the distance without any sort of fuss being made. After all, the easiest way to solve perception around waste issues is to act like there aren't any issues. The PWN play is the financial upside for clients and environmental wins might not get an airing.
Cheers
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