cell aqua ltd

Trading Halt lifted company concerned in volume of shares last week, but the rally was a result of news re funding for the Terengganu expanansion, the company says that the venture is further advanced and progressing according to plan. Because the funding comes from the federal Government to the state Government all the Tees have to be crossed. their Gov works the say as ours, things have to be correct, its called red tape !

The Malaysian Government is very much in favor in encouraging business in their country, the Terengganu venture is a great success and to improve on this with the expansion IMO is very promising.

Further funding for the Sarawak project, i think its about $10 million dollers may have already been lodged, in the announcement CAQ say that they are in formal discussions to negotiate agreement to establish a joint venture company in Sarawak so they can duplicate Terengganu.

The man on the ground in Malaysia for CAQ is Ex director Captain Suresh, he has been facilitating, he is a well respected businessman in Malaysian with good connections and this will work for CAQ going forwad.

The SP held up very well today concedering no news but IMO the company is very much on track, patience will be rewarded in time.