What Shenanigans?In 2017 expectations were high, a Chinese...

What Shenanigans?

In 2017 expectations were high, a Chinese company was talking partnership and potential sales of 10,000 units. There were options exercisable at $1 and $1.50 given to execs.

The reality is that the business has struggled for three years, and some investors including one or two in the lower sections of top 20 have fled the scene. The mainstay still hangs in, some 70% I think, and likely feeling as disappointed as the rest of us.

Covid has been a kick in the guts, investor uncertainty about China recently no doubt weighs on the share price, as does the seeming inability to sell into countries like Australia and life still isn't easy under Covid.

However the business has come a long way in three years, we're looking at profitability this year There WILL be announcements of contracts as there always have been and the price will spike up as usual. The engineering is there, the need for water treatment and desal is there in the huge markets of Asia and the Middle East. There will be a re-rate.

All imho of course.