I think we can do both. VYS have already opened up their asset management office in Melbourne and wouldn't be surprised if they try expand their capital light businesses (ie consultancy + aquifer recharge) there slowly, either organically or through a bolt on acquisition. Also could be potential for VAM investment there given the MD of VAM has significant historical ties there to the water market?
But yes, I think we will have a large WA focus for some time; especially if the asset management plays get up in the Pilbara. Will really put the company at the forefront of the WA water market.
Ann: AGM Presentation 2023, page-57
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