Big talk Mickman. I've read everything about PET. What was announced was sales of $1M per month on Xingyun and plans to optimise capacity at the current facility and scope out further expansion. Of course it would be prudent for any company to that based on 'potential' project pipeline of +$130M. The rest is speculation Mickman, even your analyist Mr Newing is confirming so today. PET could deliver on the Xingyun project over the next 12 months (total revenue unknown) but beyond that the further expansion will require additional capital to strengthen the balance sheet. Remember that China is slow to pay to date (120-150 day terms). This remains an issue. You don't realise this but I'm sure the company does. Not sure why they would give a distribution when growth is the main objective. Maybe the recent transfer of shares is to facilitate a loan facility. All speculation of course. Just remember Mickman, PET's competitive advantage is Phoslock. This is what differentiates the company today. Phoslock sales and growth of those sales are very important. Otherwise PET is just another environmental engineering company.
PET Price at posting:
$1.36 Sentiment: Sell Disclosure: Not Held
(20min delay)