water resources group the rerate stock of 2012

I have watched WRG for a while, but I never had the guts to buy in, until now. Here's why this is not a P&D (Source CEO address 01 June 2011):

1. Three joint ventures in the pipeline, and announcements are due any day:

2. MEXICO Project:

"This is expected to generate over US$100 million in revenue for the WRG group. We have been advised that Fonadin, the Mexican National Infrastructure Fund, is making a grant to the project for US$45-50 million, in order to subsidize the cost of the water to the poorer community. This is delaying matters, but we are confident of securing this contract this year."

3. MOROCCA Project:

"Following on from my recent trip to Morocco, the directors expect to conclude the Water Offtake Agreement concerning the 8,000cu m per day from which we are confident that significant additional business will follow in Morocco. OCPis the world’s leading exporter of phosphate rock and derivative products. Its products are an important component in global food security as they provide essential nutrients to food crops and help rebuild healthy soils.
As the largest enterprise in Morocco, OCP is a key driver of the country’s economy. Phosphate and its derivatives represented in 2010, in value, approximately one quarter of Morocco's exports and the Company directly employs more than 18,000 employees."

4. SAUDI ARABIA Project:

"Saudi Arabia – We have had our marketing and senior technical executives in Saudi Arabia during May and that area is developing well.Upon WRG securing the Water Offtake Agreement with OCP we anticipate that thiswill open up significant business opportunities in Saudi Arabia for WRG."

5. Cape Verdes Water Offtake Contract Signed:USD95,000,000

"The binding Agreement, signed by the President of the Municipal Council of Santa Catarina,
Francisco Fernandes Tavares, is for the supply of 4,000 cubic metres per day as an initial
requirement with the provision that this could be increased in the near term. The Contract calls for
Blue Aquifer to supply potable water to Santa Catarina for a term of 25 years, a contract worth at
least USD95,000,000"

6. 23 Dec 2011 $2,000,0000 funding secured:

So I guess we can relax about a near term CR. This is a huge positive.

Summary:

So I guess with the recent Cape Verdes news and the expected Mexico, Morocco and Saudi news we will see a further rise and accumulation of the s/p. Also one must keep in mind that water and the facilitation of water services is a HUGE world growth industry, ABSOLUTELY HUGE. Who knows in the future WRG may be considered the Apple or BHP in the water services industry.

Bring on the re-rate.

The fundamentals tell the story.