Notes from WMRC Ordinary Council Meeting Agenda 05 Feb

Reading the recent Western Metropolitan Regional Council (WMRC) Meeting Agenda of 05 February 2015, a few items might be of interest to investors:

1. AnaeCo Limited received $190,172.68 from the WMRC for haulage and disposal. Given current market cap (MC) is $12.9m, that’s equal to 1.5% of MC in 2 months. Not the income stream we’re relying on obviously but still significant IMO;
2. “The leaks to the process water tanks have been fixed. Repairs to the HVL (High Vertical Lift) on Vessel 2 are still underway.” (as at 05 Feb); and
3. “WMRC is currently evaluating the plant requirements for removal of residuals to ensure these will be sufficient as the Plant reaches capacity.” [Note: Bold by me]

http://www.wmrc.wa.gov.au/