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2.5¢ phoslock environmental technologies limited

Ann: Quarterly Cashflow Report, page-19

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Scott th Ratbag

48,513 Posts.

651

07/05/20

14:46

Post #: 44490706
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Originally posted by Lavoob: ↑

Good Morning @edshann & all

I too find the apparent delayed payments by Chinese clients of interest and concern. I note your comment re lack of impairment thus far on the books. I also note the suggestions by others of (a) the potential link of this issue with the need for the recent CR, and (b) the current context of an apparent souring of relations between Australia & China.

I once invested in an ASX listed mortgage trust company ... through its equities as well as in its term deposits. That company collapsed & is no longer listed on the ASX. Throughout its operations it constantly boasted of not having, nor ever having, any bad debts - only some “non performing loans” . The latter were never impaired yet led to its demise!

As a LT investor in PET, I obviously don’t wish to ‘talk down’ our company. I note it’s frequent reminders to the market of its being ‘debt free’ and having a strong financial position. I hope that throughout the foreseeable future that position is maintained via profitable operations and not additional unexpected CR.

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Hopefully there be a buy-back in due course...

PET Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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