Life cycle of a decent water treatment company is about 14 year to reach peak. It is a slow, long & very competitive game.
The beauty of CLQ is that ultimately the mining and water tech is complementary - so if you look at other ASX listed water tech companies (DEM, FLC, SDV) and see how they have truly been struggling over the past 18 months or so, you can take comfort with CLQ that you are getting a twofer.
I agree with previous posts in this thread, the current market cap says to me that the water division has been valued as if it will fail. Whether it will fail or not is an entirely different question.
CLQ Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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