Now this is one of the most stupid comments that I have read on HC.
The first of the Chinese lakes has only recently been approved. Our financial year now runs in line with the calendar year; about 4 months remaining. What were you expecting? That they start dumping truck after truck of product in the lake to hit the ground running haha.
They have just upgraded their factory to 15000t per year and working towards 20000t. This is $45-60 million in product alone. They have also announced current planning for a second factory to come online next year. They stated in their last report that due to the size and scope of works, they couldn't even provide future guidance at this point in time but the factory scaling seems to send a very clear message that this figure could be very much bigger than what most people may be expecting.
They also stated that the Florida trial was a great success and that funding was currently being sought for a large application. Laurance Freedman also explaining that they were exploring more agents in the US was another seemingly very big hint on what the future holds in that space.
Whem I read inbetween the lines, I see very big numbers and it makes no sense to me to be doing all these upgrades if they weren't extremely confident of using it?!
DYOR but to me this looks and feels like a company that is going to continue with a phenomenal growth story in an environmental space that can't really be put on the back burner.
PET Price at posting:
$1.34 Sentiment: Buy Disclosure: Held
(20min delay)