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The WMRC project was completed in 2016.

AnaeCo into administration

ASX-listed AnaeCo has gone into administration after Monadelphous Group terminated an $11.5 million contract with the waste technology company and a Chinese enterprise.

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Adelaide
Good to hear Anaeco is still operational, despite undergoing all manner of setbacks to date. Business models with the scope to benefit the future prospects of everyone and everything on a global scale, warrant being given every opportunity to succeed and hopefully, this will yet be the case regardless of any existing hurdles, past and present. Taking into into consideration how few alternatives are currently available to address this situation, not to mention the consequences of inaction being so dire if left to continue unabated, it's hardly something that anyone can afford to dismiss too lightly, not just here in Australia, but every community the world over, as well. Best of luck making it work.

Melbourne
I was the lead electrical design engineer on stage 1 and stage 2 of the Shento Park project. Although I am very disappointed that this has happened I am nor surprised either. Like others who were involved we had hopes for the DiCom technology and by this time expected to have done dozens of plants all over the world. The fundamental technology was proven and is a technology that is required for modern society. Simply put we all produce waste and the bulk of that ends in landfill. That costs money and there are very few places not running out of landfill sites (like Sydney). This technology simply reduces what need to go to landfill. Its not the only technology but it is the best yet developed. that can do it. Plus it produces clean fertilizer and surplus energy. AnaeCo is simply another poor example of technology development in Australia. Sadly this was not the first failed development project I worked on and wasn't the worst either. Although terribly disappointing, for many of us who were involved, the situation is recoverable. The technology is sound - it was proven in the lab, proven in the pilot plant and proven in stage 1. Stage 2 only went ahead after the stage 1 trials proved the technology worked at that scale. But (and it is a huge but) AnaeCo will require the right people with the right backing to go forward.

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AnaeCo (ANQ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

20/11/15
$0 Other
20/11/15
$0 Other
16/04/15
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

153rd-Elsight$1.2m
154th↑Wangle Technologies$1.2m
155th↓AnaeCo$1.2m
156th-MOKO Social Media$1.2m
157th↑Strategic Elements$1.1m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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