SP3 5.56% 1.7¢ spectur limited

AGM - Friday 23rd Novemeber, page-5

  1. 5,275 Posts.
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    Not sure if you are WA based, but I think SP3 have seized on a big opportunity with shark warning systems in WA.

    WA Govt are probably no more or less useless than others, but shark mitigation has been very topical here and there was a very public spat between WA and NSW state Govts over this exact issue. I think the federal minister may have also got involved.

    Basically, WA has resisted implementing drum lines (previously trialled in NSW) and it became a power play/battle of egos.

    The WA Govt didn't want to do what they were told to do by NSW/Fed Govt.

    In steps SP3 and offers an alternative. Politically very appealing, and if it works + stacks up economically compared to drum lines (Which are very, very expensive) this could open an amazing revenue stream.
 
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