PET 0.00% 2.5¢ phoslock environmental technologies limited

Presentation Q&A, page-11

  1. 837 Posts.
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    From how I have seen you invest, I can understand your frustration. It definitely seems that you have made some poor decisions along the way.

    I have been following this stock for 5 or 6 years now and was lucky enough to pull out a majority in the $1.40s from an initial buy in of around 7c. I played the stock down to the current levels and have won and lost but in the most part I have made the right decisions at the right times. I am not the sort of trader who can sit and watch my stocks free fall without taking action.

    I have been very disenchanted with management along the way, I personally believe that the initial sell off caused the beginning of the cliff plunge, Covid and the floods just ensured it hit a firm bottom in my view.

    Where it is sitting now though is good if you are not sitting on a high average in my opinion. I think we have been decimated down to a very attractive SP that in my view can only go up from here. My reason... how will the price drop when they announce restarts? Surely that will be a positive? How will the price drop when one of these new jobs are confirmed? How will the price react if Utah gets a guernsey? How will the market react if India gets a go?

    I think we can safely say that China will restart at some stage on a massive scale? and everything else should be bonuses.

    I will be keeping a whack now for the bottom drawer to cash in during next years Northern summer and another parcel to play the big swings with.







 
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