re:hmc possible east coast target???? I have heard HYDROMET...

re:hmc possible east coast target???? I have heard HYDROMET (HMC) may be one of their east coast targets. They are located in PORT KEMBLA in the heart of industry on the east coast. They also are located in NZ.....

A director bought 1.9m shares in August topping up his holding????

I haven't read their final report for the year yet, but here is a media realease shotened version.
NOTE: Profit of $2m for the full year.
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ASX/Media Release
HydroMet $2 Million Profit:
Company Positioned for Sustained Growth
6 September 2005
Australian waste treatment and recycling company HydroMet Corporation Ltd [ASX:
HMC] today announced a net after-tax profit of $2.021 million for the year ending June
2005.
The profit was based on operating revenue of $16.5 million, an increase of $6.8
million, or 70.2%, for the same period last year.
“This year’s profit was made possible as a result of our continuous efforts to establish
a solid foundation for sustainable future profits,” said HydroMet Chairman and
Technical Director Dr Lakshman Jayaweera. “Strong price increases in the world
market for selenium and tellurium during the year, as well as our improved efficiency
and record production of both metals from our New South Wales-based plant, have
contributed significantly to a profitable bottom line.”
“In the growing industrial residue recycling and hazardous waste management field,
HydroMet has a unique advantage that is worth capitalising on. We have a proven
track record in recycling complex industrial residues and hazardous waste, and
immobilising where recycling is not justified.”
HydroMet is moving into its next growth stage with a number of significant assets:
-
proven technology for recycling and immobilisation of industrial residues and
hazardous waste
- strong team of technical experts capable of solving complex residues problems for
our clients
- ownership of two freehold facilities capable of receiving and processing large
quantities of industrial residues and hazardous waste
- client base of international and local blue chip industrial and smelting companies
- strong reputation with regulatory authorities.