New product, page-45

From the Quarterly activities report:

"CHANGXING FACTORY

The Changxing Factory is in the final stages of completing modifications to allow production of up to 42 tons of Phoslock® per day (15,300 tons pa); this should be completed in August.

The major component is an enlargement of the wastewater system. Total cost of the factory modifications will be less than $1m.

The Board is currently examining alternatives to significantly increase Phoslock® production to meet expected future demand.

Cash at Bank as at 30 June 2019 was $18.0m.

PET remains debt free.

The Company anticipates continuing growth in customer strong receipts for the September 2019 quarter.

Audited 30 June 2019 Accounts:

PET is expecting to release audited financial statements for the six months to 30 June, 2019 on or around Friday 23 August, 2019."

Dow up, exciting times ahead. DYOR