PET 0.00% 2.5¢ phoslock environmental technologies limited

New newing report is out, page-61

  1. 850 Posts.
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    I'm not having a tantram but it seems you certainly are Redram. The business had a market cap in excess of 800m with a market guidance that has only just been reconfirmed for 27-30mil... That is pretty rich.

    I think punters are entitled to be somewhat sour when announcements like the 1mil a month are given followed by another indicating a multifold increase to this figure. I feel there was a strong indication that guidance was going to be exceeded but in reality it will most likely be just reached and very little cash seems to have resulted from this so far. Remember that 9m was paid in January from work completed last year, if this is used to make up this year's guidance then surely that would be a confidence killer?

    Also, did no directors sell on market?

    What exactly is a lie? Please enlighten me so I am not confused in any way.
 
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