no that was mine :-) super bullish here folks
The value of these holdings has therefore been appraised at a combined value of just under $8.8 million. While these assets are intended to be a long term holding and remain valued on the Company's balance sheet at their original acquisition value of $4.4 million, the Board and Investment Manager are exploring options to consolidate these assets and unlock their value for the benefit of shareholders.
Taken a chunk here...Given that money was raised at 10 and NAV sitting at 15p
i LIKE THE STORY AND I AM A BUYER AT THIS PRICE.
17p paid after the bell. Bodes very well for tomorrow. A lot of the traders got off the ride today and took profits but it will be neigh impossible to buy these back. Institutional investors are not in for 10/20% they are here for the big money. Expecting the real move tomorrow
Not one to ramp but someone tell me that this is not going above 20p today...follow the money
Thisis an investment for me and not a trade. I am expecting a big second half of the year with the culmination being the £22m contract which they have said will happen before year end. Given the current market cap i think it does not take a rocket science to work out that this is massively undervalued. £2M in cash Deals in 8 countries currently and more to come worth in excess of £3m Working closely with the Chinese government to roll out a programme thee shortly Fully funded NO DEBT £22M contract by year end Current MCAP £14m.. Am i mad to suggest a Market cap of at least £30m just based on the contract that we currently have? I think not £50m = 43p The market woke up this potential before funding now we are fully funded and the restructure is complete, only going one way. But as always do your own research but i think you will be hard pressed to find a better the company on AIM that offers such growth penitential int he short/medium term Wake up and smell the coffee
MWG already operates a small forward osmosis plant in Gibraltar. The new larger wastewater contract is worth £millions to MWG and will initially run for 20 years, so underpinning company revenues for many years to come and further showcasing MWG to the world.
Modern Water is principal partner with Northumbrian Water in a joint venture which is the preferred bidder on a £22m Gibraltar Wastewater Treatment Plant Design, Build, Finance and Operate (DBFO) project, a 60,000 population equivalent saline treatment works to run for 20 years (announced in 2014). In March 2017 MWG stated, "We remain the preferred bidder for a wastewater project in Gibraltar. Modern Water has completed its current obligations and continues to assist in the project's advancement". (MWG, 15/3/2017) Following initial delays, an EU court ruling in May 2017 supported the need for the plant and has led to renewed committment by the government. “At present discussions on the funding model for the plant are in an advanced stage and the government will be making a full announcement soon.” (HM Govt. of Gibralter, 4/5/2017) www.gibraltar.gov.gi/new/sites/default/files/press/2017/Press Releases/277-2017.pdf “After taking advice from experts and a great deal of planning, the Government repeats its intention to award the relevant contract later this year.” (HM Govt. of Gibralter, 8/5/2017) www.gibraltar.gov.gi/new/sites/default/files/press/2017/Press%20Releases/288-2017.pdf
Mar 2017 - Contributing to cutting-edge graphene research with the Masdar Institute and the University of Manchester, to design and engineer nano-structures for graphene-based electrodes and membranes and develop systems for desalination and water purification, and become a potential end-user. www.modernwater.com/assets/downloads/press/170328%20Press%20release%20Masdar%20UoM%20(v_final).pdf www.news.masdar.ac.ae/explore-news/stories-by-type/transformation/item/9730-masdar-institute-university-of-manchester-collaboration-project-on-membrane-based-desalination-wins-uk-government-funding.html
Orders are due and they have not hidden away from that "AquaPak - We continue to actively generate a significant number of enquiries and are pursuing a number of projects. We are confident of receiving further orders in the coming months." (MWG, 15/3/2017)
"Modern Water also generated a first order from Oman for AquaPak, our containerised desalination plant and have proposals at an advanced stage with a range of other customers." (14/9/2016)
"secured a sale of its proprietary Forward Osmosis ("FO") technology for seawater desalination to Hangzhou Water Treatment Technology Development Center Co. Ltd ("Hangzhou Water") in China." (MWG, 20/4/2017)
"MWG...has secured the first sale of its proprietary All-Membrane Brine Concentration (AMBC) technology... to treat wastewater produced by an India-based customer involved in the textile dyes industry." (MWG, 6/2/2017)
"Clearly the strategy review we undertook in 2015 is now bearing fruit. The Monitoring division delivered its first positive EBITDA since 2012 and we have successfully commercialised our AMBC technology, all whilst significantly reducing our cash burn. We enter 2017 with growing confidence...
The business has undergone a transformation over the last 2 years. The capital restructuring and cost savings were evident in the last results. The placing raised funds to accelerate the growth strategy and with the current mcap being slashed by 50!% over the last 10 trading days the appetite for stock is clearly evident from the volume. Overhang has now cleared and with Mitton buying on the open market it shows confidence that the institutions want a piece of the pie. The POF news coupled with the work that is being done on the ground in China show that the company is now on the cusp of becoming a real player in this market. It has taken best part of 2 years but the strategy is now coming to fruition. Together with recent director buys and institutions loading up I think it is a pretty safe bet to say that we will not be in he teens for much longer. A screaming buy down here given the fact that stock changed hands just 10 days ago at 38p.
Breaking out!!!
The RNS is very positive and with all mines fully operational and a deal imminent i think it is time to start buying again
Paying over into the close. Bodes well for tomorrow.
Like the fact that it has bottomed out, difficult to buy as not many shares in circulation......fully expect a push to 15-17p. Placing at 22p