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2.5¢ phoslock environmental technologies limited

in other words........expect a slow upward progression in sp...

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kingkev

27,472 Posts.

1298

02/10/19

08:03

Post #: 40676217
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Originally posted by McQuade: ↑

They were Special size crossings therefore don't need to be inside the bid/offer spread, therefore the share price didn't need to be "pulled back to do it".
Blatant manipulation. Nup. Why not wait and see who the sellers were...if they disclose. Directors? wouldn't be taken well. But someone of size and substance bought the lines so there's an offset.
The announcement was positive, no doubt, but the deal itself, at this stage might start quite small, volumes may be unknown, could it be a larger trial rather than long term contract...etc
We need patience right now.
The reality is that the broader market is now across the Phoslock story, hence a mention on Livewire. 6 months ago they wouldn't have heard of it.
This just means that the shock value of a deal in China has gone, we actually expect these to happen now so a major rally on each incremental deal is unlikely.
On that note I don't expect a blockbuster from Florida either. Reckon they'll get another larger scale trial, good news but not a company maker.

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in other words........expect a slow upward progression in sp over the LT and no mad spikes

Just my swag for the day
SWAG = Scientific wild ass guess

PET Price at posting: $1.34 Sentiment: Buy Disclosure: Held
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