Yep another positive market update with the sting in the tail...

Yep another positive market update with the sting in the tail being the cash position

I suspect the cash position and the companies past failures to achieve sales goals are the reason for the depressed SP.

I note that projected sales for 2010/11 are expected to increase by over 100%. Lets hope that this is achieved or there will have to be a fund raising and further dilution.

The long lead time and the need to do trials to achieve sales is very frustrating both for the company and for us. You would have thought that there was enough scientific data available by now to accelerate sales as there does not appear to be any adverse reports on any of the applications so far that I am aware of.Phoslock appears to be a good product but of course is not cheap

Like others maybe next week we will get some more news onprojected sales and cash flow.
I have held the stock for years so dont intend to bail out now!!