PET 0.00% 2.5¢ phoslock environmental technologies limited

Again your sentiment is in the right place. However those that...

  1. 711 Posts.
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    Again your sentiment is in the right place. However those that are expecting Phoslock to be the saviour of the worlds waterways need to take a few steps back and look at the big picture rationally.

    Around the world, the problems around water quality stem from bad water management and bad agricultural management.
    With the enormity of the world wide problem and the enormouse costs in fixing it, the first and foremost course of action will be to address the issues of bad water management and agricultural practices and regulations. They are not going to waste time and money applying a band aid fix - not in any big way.

    This is just my opinion. This company does not have what it takes to be there in the future where these products will find their place. Hopefully someone else will.

    Also bear in mind that over the life of this company, it has accumulated $80,000,000 in losses.
    That is $80mil of investor money that has been lost so far.

    https://www.theguardian.com/australia-news/2023/apr/11/menindee-mass-fish-kill-satellite-images-researchers-blackwater-release-darling-baaka-river-australia


 
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