RE: Deleting a 50k buy3 Apr 2018 20:43
Thats a lot of assumptions based on data feeds that can`t be verified. Even the large `buy` on Thursday is unknown at best, btw, it was a 450k trade (delayed) .....not 400k!
Lets at least stick to facts, the data feeds are guesswork, as demonstrated by the Disclaimer.
The Gib contract....
Post year end, we were pleased to announce that the Joint Venture between Modern Water and Northumbrian Water was awarded an Advance Works Contract by H.M. Government of Gibraltar. This covers the design and survey works required to achieve final planning and environmental approvals for the design, build and operation of a wastewater treatment plant. On final award, Modern Water will be responsible for the design and build of the treatment plant and Northumbrian Water will be responsible for operating and maintaining the plant for 20 years post-build.
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So this is an Advance Works Contract, to cover design and survey works required to get to the point where final planning and environmental approvals are reached in order to start the full design, build and operation of the plant.
Once this contract is completed the next stage will be to get the Final Award Contract, to go ahead with the design and build of the Plant.
The stage MWG are in at the moment is survey, and to satisfy environmental impact approvals as well as preliminary site works.
I can`t see them doing that work for nothing, so stage payments from now on would be my best guess as part of MWG`s �22m full contract.
Also in the results RNS
Gibraltar Waste Water Treatment Plant: full contract commences during 2018.
So they are all planning to start the full build contract this year...and we`re already in Q2.
There will be plenty of RNS updates to come on all of MWG`s contracts and interests across the world, but one I`m going to be keen to see will be the Final Award Contract for the Gibraltar Waste Water Treatment Plant, and some investors may be waiting for that to be announced before they bail in.
I thought I read somewhere that the Plant is planning to be operational by 2020, can`t find it now, but if that`s the case then things should be happening at a decent pace behind the scenes...and being payed for!
Maybe why they only thought it necessary to go to the bank for a relatively small loan, just to make sure all mechanisms are sufficiently `greased` to go ahead without delay.