I'm interested in why RQL has an internationally unique business...

I'm interested in why RQL has an internationally unique business model, as they put it.

It's not as if water is only an issue in Australia. There are obviously other international water and pipeline management companies servicing mines, etc globally.

Why do RQL say they are so unique?

BTW - not a hope that RQL should be trading on a PE20x... not even on anticipated growth. Much more stable and safe mining service companies with $100's of million in forward orders trading on single digit PE.

To play devil's advocate I also took from the AGM address:

(1) Despite strong start to year slow down ahead - they hope it picks up after Feb

(2) Dividend carrot is being dangled but nothing concrete for another 12 months. All free cash being spent on capex growth.

Cheers
John