General Information, page-988

Since the demerger of Clean TeQ Water (CNQ), shareholders have enjoyed the financial gains associated with the demerger.

The July ASX listing of CNQ saw the new water business close at 60 cents on day one hence valuing the company at $26.8 million. By the end of July, CNQ share price was $0.91 per share equivalent to a market valuation of $40.7 million. This is a 50.8% increase in value for the first month, well done to all. While on the 13th July, CNQ share price briefly peaked at $1.45 before settling back to $1.27 ($64.8 million) on this day.

In terms of SRL, its share price has gradually returned to its pre-demerger value at around the $2.00 mark.



Multiple Webinar's from Sam Riggall this week appears to be getting the Sunrise Project story out in the market place in order to raise the projects profile.

Hopefully, 2021 is the year of Sunrise Project funding being achieved after the success of the Clean TeQ Water demerger.