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Thanks

Can you provide a link please?

Thanks GB. Another fantastic post that puts the whole thing into perspective. In my last post I forgot to mention that a prototype desalination plant had been established in Gibraltar in the early days of and by MWG. Interesting that the French chose Gibraltar and Oman for their interventions. Just as an aside, if desalination plants are for the big boys presumably MWG will be selling to one of them. BP, for example, with their contacts around the World and especially in the Middle East plus their need to move away from fossil fuel would be a good company to run a desalination business but I'm probably trying to teach my grandmother to suck eggs - if so, apologies.

I only found out about the newspaper report in the last two days when I posted it immediately. I see it's reported in a paper dated November 2016 so it must have been known about by the MWG board for quite some time. No wonder they don't post here (apart from GB, that is) and no wonder they haven't been buying any shares. When I had suggested in my last post about a month ago that the French may have been involved in the loss of the Gibraltar contract it was speculation on my part but not without foundation. I'd had a meeting with the first chairman of the company after an AGM. He told me that in the very early days of MWG three purported French students were being shown around the University when they were found photographing everything they could find in the office of the professor who'd had the idea regarding osmosis. They were quickly escorted from the premises. When I learnt that the project in Oman was going nowhere because of French involvement at the highest levels in the country I immediately became suspicious. As an aside I was rubbished for promulgating a conspiracy theory about the French but you take the slings with the arrows. The French obviously consider water to be a strategic area that they must be involved with and will go to any lengths to ensure they are at the forefront of any developments and any opposition is crushed. I wonder if there is anyone reading this with a high level government connection that can bring this matter to their attention. It's shocking that the French government seem to be getting away with stealing what should have been our business. Surely, at government level, we should be going into Gibraltar to ensure we get the business that has been stolen from us even if it means a heavy subsidy. I've never been sure about whether we should be in or out of the EC but on reflection who needs friends like the French.
I'm sorry to be the bearer of possible bad news, Paulcon62. If it's any consolation I bought in when the share price was 80p and have lost a big sum (not very nice when you are retired). I recently bought in again (nowhere near as much this time) in the hope that the C-19 research might bear fruit. We'll perhaps find out in the not too distant future. Fingers crossed.

https://www.khaleejtimes.com/international/europe/veolia-your-glocal-environment-partner

Veolia's ingenious approach is also reducing the cost and price for desalination of seawater. In the future town of Masdar, Abu Dhabi, Veolia is promoting the use of new HiprodeTM technology for the reverse osmosis seawater desalination programme and the renewable energy programme. This allows desalination through smaller units, and hence reduces costs. "The results obtained using this 300m3/day demonstrator will confirm plans to construct a large-scale reverse osmosis desalination plant. HiprodeTM technology had already been tested and confirmed using a prototype installed at Veolia's seawater desalination plant in Gibraltar."

That looks a good interview Idiot441. My problem is that i'm quite deaf and without subtitles I'm lost. Perhaps the interview answers my query and you might be able to help me. Integumen and Avacta are the two companies that between them can potentially identify coronavirus in water. Modern Water is not needed for this identification process.
There are two things that Modern Water, by integrating the Integumen/Avacta solution with their Microtox sytem, bring to the table:
a telemetry system that will enable a central point to be alerted in real-time to any virus or bacteria that has been targeted by the Integumen/Avacta system;
marketing of the joint system to the 3,000 odd existing Microtox users (with an easy upgrade?) and to new customers through MWG's established marketing facilities.
Best wishes - Alan.

Thanks Gerard for your amazing patience. If only other Chairmen and CEOs treated their PIs with the same courtesies. My understanding now is that the link between Integumen and MWG has, currently, nothing to do with the coronavirus. The commercial link is the supply of bacteria reagent material (for use in their Microtox system) to MWG by Integumen who will also supply logistics support. And the future?.............who knows, but we all need to watch for an RNS from either company.
Best wishes. Alan.

Thanks Gerard. It makes it a lot clearer and apologies for getting your title wrong. Just for my pedantic understanding am I correct in saying that apart from the sharing of revenues from consumables there is no other commercial link with MWG at the moment.
With regard to the coronavirus is that the likely subject of a shared RNS between SKIN and MWG?

Woops - words in last paragraph should read between MWG and Integumen - apologies.

Hi Gerard - just to get my understanding correct I wonder if you would be so kind as to comment on what I have written below.
MWG offers its Microtox service which probably, at its most important application, detects the presence of a range of contaminants in any liquid in real-time. It can detect whether the contaminant is biological or metal based and how prevalent the contaminant is. It does not identify the contaminant.
As far as the current coronavirus is concerned it is Integumen that is developing a methodology for identifying the virus with another company (Aptamer) quite separate from MWG.
I'm obviously missing something as I don't understand the link, if any, between MWG and Microtox other than they have the same chairman. - Kind regards, Alan.

Thanks for your very nice post about studying RNSs StuoftheToon. That was most helpful. If I've got it right then the most recent placing was done on the 24th January. I have no idea how long it takes to set up a placing but prior to when the placing was announced would MWG have had the foresight to know that the coronovirus was on its way and they had a good solution for identifying it in sewage? If that was the case then wouldn't they have been well advised to delay the placing. After all a better placing price could be obtained in such circumstances. On the assumption they didn't know about the possibility of identification of C-19 in sewage don't you think that that's a good enough reason for the directors to be piling into MWG? I realise there's a period when directors can't invest. Is that the case here?
Just to give you a bit of background, I invested heavily into MWG some while ago when the price was 80p. I've sadly sat on my investment since then. I recently bought some (not many) for my grandchildren in the hope that in 5 years time they will see a huge benefit. I on several occasions attended AGMs. I always reiterated the point that they may have the best mousetrap but they need to persuade buyers to come to their door. Selling wasn't their strong point. Their new business model is much better and is probably the way to go.
I'm very keen to see MWG's share price soar and hence my recent question on whether identification of C-19 in blood samples could be achieved. I didn't see why not since diluting the blood sample should enable a flow test to be undertaken. I apologise if it was an inane question. Enjoy the sun everybody and when you meet an almost 80 year old be kind to them. Regards. Alan.

Why no Directors' deals if MWG is about to go sky high? I see Integumen has had a few this year.

Bottmzup - the reason I keep asking the question is that I am interested to see if they have a potential solution for testing for the virus in humans. If it's another market that opens up without having to put in much effort that would be fantastic. Remember all those companies around the World that carry out C-19 testing can only confirm that they've found someone has the virus but not with a 100% certainty. Unfortunately someone can be tested negative and still have the virus. It's this latter problem that I hoped they might be able to solve. From Gerard's reply it appears not.

Hi Gerard. I've asked part of this question on a previous post but not directed at you so you may have missed it. If the new system can detect C-19 in sewage could it also detect it in a blood sample. My understanding is that current tests for C-19 in blood can confirm that it's definitely there but if the test is negative the virus may still be present. Would this new system be 100% positive if used for such testing?

Thanks for your post and informative reply. If I've got it right then this process can identify any bacteria or virus in a sample - flu for example? If it can detect in waste water what about blood?

Covid - 19 is a virus so why all the excitement about a bacteria detector? What am I missing?

I don't understand the fall in the share price. Surely private jets will be used more than ever.

Here's a reply I received from SSON

There are two aspects to this question that need to be addressed separately.

Firstly, the shares are only ever issued at a premium to the Net Asset Value. As such, the existing shareholders in Smithson benefit from an enhanced net asset value following any tap issue. There are also a number of softer benefits to the issue of shares. First, from the Investment Management team’s perspective, they can tweak the portfolio more efficiently. Secondly, the fixed costs involved in the running of Smithson are spread over a greater value meaning there is a slight reduction in the costs and charges.

The second aspect to your question, what would have happened to the share price, is far harder to judge. Ultimately, over the longer term, the share price should follow the net asset value and, therefore, over the longer term, the benefits outlined above also apply to the share price. In addition, the issue of shares does have the added benefit of increasing the liquidity in the shares, which is of benefit to all shareholders in the event they want to buy or sell.

The number of shares in issue has gone up from some 82M to 92M. How much would the share price have increased without any increase in the number of shares? Can someone explain the benefits to PIs of the issue of equity?

Or is it because the management want to build up a big stack of cash so that they can pay themselves a nice big bonus? I think I'm maybe getting too cynical in my dotage. Let's hope so.