with pleasure. I would guess the valuation was done by a friend of Tom’s. To give foundation to that valuation being vastly over inflated, Perth Waste was sold to Suez in 2017 for $64 million. That including a huge material recycling facility for domestic and general waste in Bibra Lake. With new sorting and recycling machinery installed. A large transfer station on the same site, term contracts with 11 Perth councils for domestic waste collection, a fleet of trucks including side lift, rear lift, skips and hooks and a fully licensed and working class 3 landfill facility in Nrth Bannister with composting and green waste capabilities. $56 million for Gingin (not Gin Gin) is ridiculous but in keeping with the M8 party line. A more realistic valuation would be half that. Hope that helps and great to have an actual question. Did you see the just released balance sheet, absolute disaster.
with pleasure. I would guess the valuation was done by a friend...
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