PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: New Large Project in Wuhan, China, page-71

  1. 1,424 Posts.
    lightbulb Created with Sketch. 856
    Hi All
    great news today, surprised sp didn't preform better , has the sp already got new work factored in or is it being manipulated ? can't believe with all the potential good news to come people are selling and feeding shares into these lower prices.

    some one asked about value of work, hard to tell but if doing the whole lake would think around $50m as a starting point. one thing this line "advise that it has signed a contract to commence work applying Phoslock®tothe East Lake," makes me think that this hasn't been awarded to us by a government body more another company in charge and we are subcontracting, if it was direct with the government i would think it would say, that might be why confidential.
    the yangtze river basin mentioned for newer people, i believe one of the key companies involved with this is BWEG, ( yes one of though chinese connections we have that livewire didn't seem to like)

    LF . i look forward to adding to the progress of our International businesses in the near future.” this sound like something will happen shortly on this Florida or world bank stuff.

    resent comments from LF about the new factory size being 2 to 4 times bigger the way things are shaping up might not be enough

    current work
    first canal contract on about a 18yr maintance program
    the third wetland project should be underway now
    xingyuan lake value about 50m, plus potential for another 8 lakes one Dainchi 9 times bigger
    catchment area value unknown but multi year work
    trail lake 1 much bigger than xingyan lake work under way
    trail lake 2 much bigger than xingyan lake work under way
    east lake probably worth 50m at some point plus potential for so many more lakes in area

    4 major lake plus catchment area within one year either doing or trailing is a great result, if company can keep progressing like this it wont be long and we will have a very large order book with multi year work ahead

    thanks
    mickem


 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.