I have been looking at PWN for a few weeks. What drew my...

I have been looking at PWN for a few weeks. What drew my attention was an investment report that said it was at least a potential 8 bag stock. I am interested in mining and biotech stocks, so I have a fairly speculative nature. Parkway is a little different. I would say I was an amateur with moderate investing experience, I am fundamental not TA. I havent done a thorough research on the company yet but so far this is my impression.

What I like about Parkway.

I like the market value, $27 million, has some substance and plenty of upside potential.

I like the industry it is in, water treatment, brine specialist. Got to be a growth area. Coal seam gas production, mining, desalination, all can reasonably be considered sources requiring increased water treatment services. There is heightened awareness of enviromental degradation and the requirement for water conservation.

I like it that the company has ambition, creativity, and vision to met market demands.

I like that it is producing usable products from what otherwise is waste.

I like the investor hub that responds to questions asked by viewers.

What I don't like about the company.

While I havent thoroughly investigated the company I suspect a lot of information is hard to access or percieve. I have asked questions on the hub but some of the answers leave me none the wiser. The companies extracting gas in Queensland have spent over $100 million looking for answers to the brine problem. They have reached the conclusion so far encapsulation is the only feasible option. As outlined in the Queensland Government and University research reports the encapsulation will be to land fills next to or in reclaimed brine storage ponds i.e localised. The masterplan says encapsulating the brine would require transporting to hubs for concentration, crystalisation etc.. There is a huge financial margin between the masterplan and what is given as the alternative, encapsulation. I feel I don't have the full picture. It is great for PWN if what they report is correct. For me I feel unease that it is in the to good to be true class.

If my neighbour came to me saying they were to build a 6 million ton of salt, land fill, next to me I would not be worried about the health and enviromental aspects. In my experience the authorities that regulate enviromental requirements are generally quite stringent. It is salt, not radioactive or asbestos. So I appreciate plenty of people may be opposed to land fills on enviromental grounds but for me it isn't an issue.

It has cash and a low cash burn but I suspect if the opportunity arose it would sell more shares to finance its ambitions.

I can't see when things will happen for Parkway. They need to sign contracts to be credible in my opinion. If the economics are so compelling for the CSG brines it could be very soon. But the Gas companies might drag there feet, it seems to me they have a year or two before they have a problem that demands action. Parkways moduler brine concentrators might take the pressure off filling brine storage ponds.

Conclusion.

For me this stock has good potential but I am happy with the 2 stocks I have most of my capital in presently, they are speculative but things will definately happen for them over the next 12 months, positive or negative. PWN I am less confident of the short term investment horizon. This is not a good market for lots of companies, particularly ones that are speculative. I could very easily change my opinion and outlook.