Ann: Half Yearly Report and Accounts, page-7

hey mate, where do you hear that Florida will be announced soon? I still remember watching their meeting televised online *that some here watched too* they don't look like they are even close in making any decisions?

Regardless, outstanding report! So happy to be a part of the PET family! The dividend is exciting, BUT:

• Interest in PET’s China catchment and lake work, along with the recent Chinese Ministry ofWater Resources certification of Phoslock®, has already led to two major trial invitations onlakes and catchments projects elsewhere in China. These projects are potentially much largerthan the southern China project.
• The international pipeline is currently$130 million, involving some 30 projects in 18 countries.
• New product - Major benefits are that the product is recyclable up to ten times and the removed phosphorusis resalable as a slow-release fertiliser.

In fact, why are they using the money to pay out dividend? Won't they be better off building more production capabilities? (I'm aware they are already doing it, but wouldn't the cash be better placed there).

GLTAH! A happy member of the family for sure.