Dunno if there'll be a placement. They may have enough cash to...

Dunno if there'll be a placement. They may have enough cash to buy along with giving shares to the new company - that's what happened with the last acquisitions. Please correct me if necessary, Lindo.

As far as environmental goes, EVZ is stellar blue sky. Water recycling and efficiency measures for large companies has been de rigeur in Victoria for some time and EVZ has those big water-using customers who are now required by govt to introduce water saving facilities. Big industry is by far the most significant water user/waster.

With the latest acquisition, no doubt we will see a move into NSW and Qld where especially Qld is lagging with industrial water efficiency.