I'll explain this poorly but;
from what i gather there is a vertical integration model with maddington and access waste operating as the primary with gingin coming online to take the general waste as maddington focuses on more profitable materials. this general waste enables the capture and use of bio gas. while its a nice to have i dont think they are building the business around energy production... just a value add incorporated into the design and function.
gingin will also have direct user pays per ton approach.
so;
access waste - big growth potential
maddington - optimised and focus on high profit materials
gingin - adds scale and takes everything else + bio waste energy as a value add.
in terms of vertical integration its pretty solid and the past quarterlies prove the optimisation is working. further, gin gin frees up maddington to print cash.
its 9 million bucks mc.... pretty nice risk reward ratio.
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