Hi Mickem. Thanks for your estimates on individual projects. Do you agree with the following summary on the projects announced?
I now understand why not even a total figure was given. There are 2 USA projects worth $200000 in total, 2 small European projects (value unknown, but say similar) and 4 already known Brazil projects worth $3 million. It looks like $3.2 million would have been in the forecast, with the European projects uncertain, but given the lead times probably in the forecast, but worth under $1 million.
The end result is nothing new was announced and probably worth at best $4 million in value. Not a bad result for the share price for announcing nothing new. A PR triumph.
USA Kitsap $100000 Hopatcong $100000
Europe Italy and Netherlands both small and in second half
Brazil All known: with Rio $2 million, plus maintenance projects on 2 others plus Lake Pampulha with a total value probably $1 million, as Slide 10 on 2020 outlook on 24/10/19 said there were 6 South American projects for 1000 tonnes. So a total of $3 million less Rio.
PET Price at posting:
36.5¢ Sentiment: None Disclosure: Held
(20min delay)