-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000899733-04-000084.txt : 20040728
<SEC-HEADER>0000899733-04-000084.hdr.sgml : 20040728
<ACCEPTANCE-DATETIME>20040728170430
ACCESSION NUMBER:		0000899733-04-000084
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20040728
GROUP MEMBERS:		JAVELIN OPPORTUNITIES FUND OFFSHORE, LTD.
GROUP MEMBERS:		JAVELIN OPPORTUNITIES LP

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49431
		FILM NUMBER:		04936612

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAVELIN OPPORTUNITIES LP
		CENTRAL INDEX KEY:			0001122815
		IRS NUMBER:				621828427
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		7674 W LAKE MEAD BLVD
		STREET 2:		STE 230
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89128
		BUSINESS PHONE:		7029441061

	MAIL ADDRESS:	
		STREET 1:		7674 W LAKE MEAD BLVD
		STREET 2:		STE 230
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89128
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>schedule13gconsolidatedwater.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>
<html>

<head>
<title>Schedule 13G, Consolidated Water</title>
</head>

<body>

<p><u>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          </u><font SIZE="2"><p>SEC 1745 (02-02) <b>Potential persons who are to respond to the
          collection of information contained in this form are not required to respond unless the
          form displays a&nbsp;currently valid OMB control number.</b></font></p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p align="right"><u>&nbsp;</p>

<table BORDER="1" CELLSPACING="1" CELLPADDING="1" WIDTH="160" ALIGN="RIGHT">
  <tr>
    <td VALIGN="MIDDLE"><font SIZE="2">OMB APPROVAL</font></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE"><font SIZE="2">OMB Number: 3235-0145</font></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE"><font SIZE="2">Expires: December 31, 2005</font></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE"><font SIZE="2">Estimated average burden<br>
    hours per response. . . 11</font></td>
  </tr>
</table>

<p align="right"></u>&nbsp;</p>

<p align="right">&nbsp;</p>

<p align="right">&nbsp;</p>

<p align="right">&nbsp;</p>

<h4 ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</h4>

<p ALIGN="CENTER">&nbsp;</p>

<h3 ALIGN="CENTER">SCHEDULE 13G</h3>

<h4 ALIGN="CENTER">Under the Securities Exchange Act of 1934<br>
(Amendment No. ____)</h4>

<p>&nbsp;</p>

<p align="center">Consolidated Water Co. Ltd. <br>
(Name of Issuer)</p>

<p>&nbsp;</p>

<p align="center">Ordinary Shares <br>
(Title of Class of Securities)</p>

<p align="center"><u><b>G23773107 <br>
</b></u>(CUSIP Number)</p>

<p>&nbsp;</p>

<p align="center">December 31, 2003 <br>
(Date of Event Which Requires Filing of this Statement)</p>

<p align="center">&nbsp;</p>

<p>Check the appropriate box to designate the rule pursuant to which this Schedule is
filed: </p>

<p>[&nbsp;&nbsp;&nbsp;&nbsp; ]&nbsp;&nbsp;Rule 13d-1(b)</p>

<p>[ X ]&nbsp;&nbsp;Rule 13d-1(c)</p>

<p>[&nbsp;&nbsp;&nbsp;&nbsp; ]&nbsp;&nbsp;Rule 13d-1(d)</p>

<p>The information required in the remainder of this cover page shall not be deemed to be
&quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934
(&quot;Act&quot;) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).</p>

<p><font SIZE="2">&nbsp;</p>

<hr>
</font>

<p>&nbsp;</p>

<p>CUSIP No. <b><u>G23773107</p>
</u>

<p>&nbsp;</p>

<blockquote>
  </b><p>1. Names of Reporting Persons.<br>
  I.R.S. Identification Nos. of above persons (entities only).<br>
  Javelin Opportunities LP</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>2. Check the Appropriate Box if a Member of a Group (See Instructions)<br>
  (a)&nbsp;[&nbsp;&nbsp;&nbsp;]<br>
  (b)&nbsp;[X]</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>3. SEC Use Only</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>4. Citizenship or Place of Organization<br>
  Delaware</p>
</blockquote>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="686">
  <tr>
    <td WIDTH="14%" VALIGN="TOP">Number of<br>
    Shares<br>
    Beneficially<br>
    Owned by<br>
    Each<br>
    Reporting<br>
    Person With</td>
    <td WIDTH="86%" VALIGN="TOP">5. Sole Voting Power 129,700<p>6. Shared Voting Power N/A</p>
    <p>7. Sole Dispositive Power 129,700</p>
    <p>8. Shared Dispositive Power N/A</td>
  </tr>
</table>

<blockquote>
  <p>9. Aggregate Amount Beneficially Owned by Each Reporting Person<br>
  129,700</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
  Instructions) [&nbsp; ]</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>11. Percent of Class Represented by Amount in Row (11)<br>
  2.3%</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>12. Type of Reporting Person (See Instructions)<br>
  PN</p>
</blockquote>

<p>&nbsp;</p>

<hr>

<p>&nbsp;</p>

<p>CUSIP No. <b><u>G23773107</p>
</u>

<p>&nbsp;</p>

<blockquote>
  </b><p>1. Names of Reporting Persons.<br>
  I.R.S. Identification Nos. of above persons (entities only).<br>
  Javelin Opportunities Offshore, Ltd.</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>2. Check the Appropriate Box if a Member of a Group (See Instructions)<br>
  (a)&nbsp;[&nbsp;&nbsp;&nbsp;]<br>
  (b)&nbsp;[X]</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>3. SEC Use Only</p>
</blockquote>
<b>

<p>&nbsp;</p>

<blockquote>
  </b><p>4. Citizenship or Place of Organization<br>
  Cayman Islands</p>
</blockquote>

<p>&nbsp;</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="686">
  <tr>
    <td WIDTH="14%" VALIGN="TOP">Number of<br>
    Shares<br>
    Beneficially<br>
    Owned by<br>
    Each<br>
    Reporting<br>
    Person With</td>
    <td WIDTH="86%" VALIGN="TOP">5. Sole Voting Power 160,500<p>6. Shared Voting Power N/A</p>
    <p>7. Sole Dispositive Power 160,500</p>
    <p>8. Shared Dispositive Power N/A</td>
  </tr>
</table>

<blockquote>
  <p>9. Aggregate Amount Beneficially Owned by Each Reporting Person<br>
  160,500</p>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<blockquote>
  <p>10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
  Instructions)</p>
</blockquote>

<p>&nbsp;</p>

<blockquote>
  <p>11. Percent of Class Represented by Amount in Row (11)<br>
  2.8%</p>
</blockquote>

<p>&nbsp;</p>

<blockquote>
  <p>12. Type of Reporting Person (See Instructions)<br>
  CO</p>
</blockquote>

<p>&nbsp;</p>

<hr>

<p><b>&nbsp;</p>

<p>Item 1.</p>

<blockquote>
  <p>(a) Name of Issuer:</p>
  </b><p>Consolidated Water Co. Ltd.</p>
  <b><p>(b) Address of Issuer&#146;s Principal Executive Offices:</p>
  </b><p>Trafalgar Place, West Bay Road, P.O. Box 1114 GT, Grand Cayman, B.W.I.</p>
</blockquote>

<p><b>&nbsp;</p>

<p>Item 2.</p>

<blockquote>
  <p>(a) Name of Persons Filing:</p>
  </b><p>Javelin Opportunities LP<br>
  Javelin Opportunities Fund Offshore, Ltd.</p>
  <b><p>(b) Address of Principal Business Office:</p>
  </b><p>7674 W. Lake Mead Blvd., Suite 230, Las Vegas, NV 89128</p>
  <b><p>(c) Citizenship:</p>
  </b><p>Delaware<br>
  Cayman Islands</p>
  <b><p>(d) Title of Class of Securities:</p>
  </b><p>Ordinary Shares, CI$ 1.00 par value</p>
  <b><p>(e) CUSIP Number:</p>
  </b><p>G23773107</p>
</blockquote>
<b>

<p>Item 3. If this statement is filed pursuant to 17&nbsp;C.F.R.&nbsp;240.13d-1(b) or
17&nbsp;C.F.R.&nbsp;240.13d-2(b) or (c), check 3. whether the person filing is a:</p>
</b>

<blockquote>
  <b><p>N/A</p>
  </b><p>(a)&nbsp;&nbsp;[ ] Broker or dealer registered under section 15 of the Act (15
  U.S.C. 78o).</p>
  <p>(b)&nbsp;&nbsp;[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</p>
  <p>(c)&nbsp;&nbsp;[ ] Insurance company as defined in section 3(a)(19) of the Act (15
  U.S.C. 78c).</p>
  <p>(d)&nbsp;&nbsp;[ ] Investment company registered under section 8 of the Investment
  Company Act of 1940 (15 U.S.C.80a-8).</p>
  <p>(e)&nbsp;&nbsp;[ ] An investment adviser in accordance with 17 C.F.R.
  240.13d-1(b)(1)(ii)(E);</p>
  <p>(f)&nbsp;&nbsp;[ ] An employee benefit plan or endowment fund in accordance with 17
  C.F.R. 240.13d-1(b)(1)(ii)(F);</p>
  <p>(g)&nbsp;&nbsp;[ ] A parent holding company or control person in accordance with 17
  C.F.R. 240.13d-1(b)(1)(ii)(G);</p>
  <p>(h)&nbsp;&nbsp;[ ] A savings associations as defined in Section 3(b) of the Federal
  Deposit Insurance&nbsp;Act (12 U.S.C. 1813);</p>
  <p>(i)&nbsp;&nbsp;[ ] A church plan that is excluded from the definition of an investment
  company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</p>
  <p>(j)&nbsp;&nbsp;[ ] Group, in accordance with 17 C.F.R. 240.13d-1(b)(1)(ii)(J).</p>
</blockquote>

<p><b>&nbsp;</p>

<p>Item 4. Ownership.</b></p>

<p>Provide the following information regarding the aggregate number and percentage of the
class of securities of the issuer identified in Item 1. </p>

<blockquote>
  <b><p>(a)&nbsp; Amount beneficially owned:</p>
  </b>
</blockquote>

<ol TYPE="a">
  <ol TYPE="a">
    <p>Javelin Opportunities LP&#151;129,700;<br>
    Javelin Opportunities Offshore, Ltd&#151;160,500.</p>
    <b>
  </ol>
</ol>

<blockquote>
  <p>(b)&nbsp; Percent of class:</p>
</blockquote>

<blockquote>
  <blockquote>
    <p></b>Javelin Opportunities LP&#151;2.3%;<br>
    Javelin Opportunities Offshore, Ltd.&#151;2.8%.<b></p>
  </blockquote>
  <p>(c) Number of shares as to which the person has:</p>
</blockquote>

<blockquote>
  <blockquote>
    <p>(i)&nbsp; Sole power to vote or to direct the vote:</p>
  </blockquote>
</blockquote>

<blockquote>
  <blockquote>
    <blockquote>
      <p></b>Javelin Opportunities LP&#151;129,700;<br>
      Javelin Opportunities Offshore, Ltd.&#151;160,500.<b></p>
      </b>
    </blockquote>
    <b><p>(ii) Shared power to vote or to direct the vote:</p>
    </b><blockquote>
      <b><p></b>N/A.</p>
    </blockquote>
    <b><p>(iii) Sole power to dispose or to direct the disposition of:</p>
    </b><blockquote>
      <p>Javelin Opportunities LP&#151;129,700;<br>
      Javelin Opportunities Offshore, Ltd.&#151;160,500.</p>
    </blockquote>
    <b><p>(iv) Shared power to dispose or to direct the disposition of:</p>
    </b><blockquote>
      <b><p></b>N/A.</p>
    </blockquote>
  </blockquote>
</blockquote>

<p><b>&nbsp;</p>

<p>Item 5. Ownership of Five Percent or Less of a Class</b></p>

<p>If this statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five percent of the
class of securities, check the following [ ].</p>

<p><b>&nbsp;</p>

<p>Item 6. Ownership of More than Five Percent on Behalf of Another Person.</b> </p>

<p>Not applicable.</p>
<b>

<p>Item 7. Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company</b></p>

<p>Not applicable.</p>
<b>

<p>Item 8. Identification and Classification of Members of the Group</b></p>

<p>Not applicable.</p>
<b>

<p>Item 9. Notice of Dissolution of Group</b></p>

<p>Not applicable.</p>
<b>

<p>Item 10. Certification</p>
</b>

<p>By signing below I certify that, to the best of my knowledge and belief, the securities
referred to above were not acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any transaction having
that purpose or effect.</p>

<blockquote>
  <blockquote>
    <p ALIGN="CENTER">&nbsp;</p>
    <p ALIGN="CENTER">&nbsp;</p>
  </blockquote>
</blockquote>

<h3 ALIGN="CENTER">SIGNATURE</h3>

<p>After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.</p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p><br>
          <br>
          JAVELIN OPPORTUNITIES LP</p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p><br>
<br>
<br>
Date: July 28, 2004<u></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p>By: /s/ Thomas C. Barrow </p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p>Thomas C. Barrow</p>
          <p>Managing Member of the GP</p>
          </u><p><br>
          <br>
          JAVELIN OPPORTUNITIES FUND </p>
          <p>OFFSHORE, LTD.</p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p><br>
<br>
<br>
Date: July 28, 2004 <u></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p>By: /s/ Thomas C. Barrow </p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p>Thomas C. Barrow</p>
          <p>President</p>
          </u>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p ALIGN="CENTER"><br>
<br>
<br>
<br>
<b>Attention:&nbsp;&nbsp;Intentional misstatements or omissions of fact<br>
constitute Federal criminal violations (See 18 U.S.C. 1001)</b></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <u><blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
                <blockquote>
                  <blockquote>
                    <blockquote>
                      <blockquote>
                        <blockquote>
                        <blockquote>
                        </u><p>&nbsp;</p>
                        <p>&nbsp;</p>
                        </blockquote>
                        </blockquote>
                      </blockquote>
                    </blockquote>
                  </blockquote>
                </blockquote>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
<html>

<head>
<title>Exhibit 1</title>
</head>

<body>

<p ALIGN="RIGHT">Exhibit 1</p>

<p><b>&nbsp;</p>

<p ALIGN="CENTER">JOINT FILING AGREEMENT</b></p>

<p>The undersigned hereby agree that this Schedule 13G with respect to the Common Stock of
Consolidated Water Co. Ltd., dated July 28, 2004 is, and any further amendments thereto
signed by each of the undersigned shall be, filed on behalf of each of the undersigned
pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended.</p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p><br>
        <br>
        JAVELIN OPPORTUNITIES LP</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p><br>
<br>
<br>
Date: July 28, 2004<u></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p>By: /s/ Thomas C. Barrow </p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p>Thomas C. Barrow</p>
        <p>Managing Member of the GP</p>
      </blockquote>
      <blockquote>
        </u><p><br>
        <br>
        JAVELIN OPPORTUNITIES FUND </p>
        <p>OFFSHORE, LTD.</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p><br>
<br>
<br>
Date: July 28, 2004 <u></p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p>By: /s/ Thomas C. Barrow </p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p>Thomas C. Barrow</p>
        <p>President</p>
        <blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
                <blockquote>
                  <blockquote>
                    <blockquote>
                      <blockquote>
                        <blockquote>
                        <blockquote>
                        </u><p>&nbsp;</p>
                        </blockquote>
                        </blockquote>
                      </blockquote>
                    </blockquote>
                  </blockquote>
                </blockquote>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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