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M8S m8 sustainable limited

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Had a chat to a mate of mine who owned a small garbage waste...

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Mike_lowry

1,603 Posts.

183

14/03/22

09:19

Post #: 60170977
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Originally posted by Ted15: ↑

M8 came out of the company that was Aurigen. Same MD and FD. I can only gather that there was commercial differences between Hyams and rest of the Board. Hyams is a waste man, I can only assume differences came from involving too much effort in scrap. Scrap is just a tradable commodity, something than can be brokered not necessary take into your facility. Fisher is a heavy hitter in the waste finance world. M8 is the only ASX listed small waste company, rest are Cleanaway and Bingo. Potential is huge if they evolve with the market and I believe he saw that but left early due to differences again. That doesn’t massively answer your question but a waste business like M8 should be a cash cow, something is stopping it and I think the Thai main share holders, Sbang are pulling the strings. The landfill needs to be fed and it’s geographical position means that transfer stations are the key. Bulk up loads onto roads trains from the station, straight out to landfill. Collection trucks tipping into the station, quick, easy and strategically placed do they can get back out on collection runs. You don’t want your collection trucks going onto landfills. Destroys tyres so tip on concrete instead. That’s the Achilles heal in Gingin, it needs feeding by transfer station of which the majors own and feed their own landfills. So I don’t see who is going to use it and more importantly who would potentially but it. The likes of a Bingo could come into Perth, buy Gingin and buy one of the smaller operators with transfer stations maybe. The whole sector is strange in Perth, the state government has the worst recycling rate in the country and with the switch to incinerators, will have one of the best. Waste to energy ticks the green political box. Not the polis problem in a few years with opposition and increased air pollution. So to answer your question there, yes, garbage to energy has a better future in WA. Steve Gostlow, ex MD of Tox has joined Delorean Corp as a non exec. They site Organic waste bio gas units at high demand electricity users, airports for example. Food waste and organic material breaks down into methane and into a generator, which in turn generates power. Perths growing population and growing road network makes these decentralised units more attractive. Average time for collection of waste skips has increased by 6 mins per job over the last 18 months due to traffic and infrastructure. Worth a look as it follows the growing trend of removing the organic waste from general waste. Put it to good use generating power rather than causing problems in a landfill.

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Had a chat to a mate of mine who owned a small garbage waste facility a quarter of the size of gingin ,in eastern creek Sydney. He sold his facility for about 35 million bucks back in 2008 , retired .
while garbage waste is about 100 to 120 a tonne , the conversion from waste to energy was the money” maker “ accumulator !
You telling me the majors with market caps of a billion or more don’t have waste to energy in the Perth sector ?
You claim m8s gingin can be a cash cow , I believe you have hope, but just concerned with competition and possibly the delays have kept us all on edge !
I see hope in you , also we are the only asx listed small cap garbage waste company on the asx other than the majors !
The potential is there , the issue is people need to see to believe .

Last edited by Mike_lowry: 14/03/22

M8S Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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