I have kept away from WRG for awhile as nothing to say. Looked over some old articles we have all seen before.
Feb 2012 talks about the partnership with Mandala Capital Partners.
Altima co-founder Dominic Redfern sits on WRG’s board.
You think Mandala would have come up with something by now? Even I am starting to question the technology.
www.globalwaterintel.com/archive/13/2/general/d-day-australias-home-grown-desalters.html
November 2012 talks about the commercial-scale pilot plant in Saudi Arabia to begin operation in third quarter. Has it even started being built, anyone know? As we never heard anymore about the Participation and Supply Agreement that was supposed to be forth coming in an announcement by 2012 years end, did we? If this is progressing then WRG is still in with a chance.
www.iwapublishing.com/template.cfm?name=news1416
www.siww.com.sg/industry-news/saudi-arabia-announces-45-billion-investment-desal-power
Major Shareholders & Capital Structure As at February 19th 2013
JP Morgan Nominees (Altima): 11.7%
Credit First Holdings Ltd: 7.14%
Robert O & Sandra D Bylin: 6.25%
Credal Network International Ltd: 5.54%
Total number of shares on issue (fully diluted) 411,045,753
Total number of options outstanding 73 Million
Current share price A$0.017 cps
Market Capitalisation A$6.98m
Percentage of WRG held by Directors & Employees Approx. 38.0%
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