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2.5¢ phoslock environmental technologies limited

New newing report is out, page-42

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ZMan

3,595 Posts.

764

16/07/19

14:09

Post #: 39543034
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Originally posted by reg ↑

I'm new here, and like a lot of what I've read about the company.

In the latest report
A press release issued by the new governor (of Florida) in January 2019 contained an ambition to remove 200,000lbs (i.e. 200t) of phosphorus annually. That would require the annual consumption of 10,000t phoslock, generating revenue of more than $30m

So I take it the ratio is 50:1.

200,000 lb of phosphorous = 90 metric tonnes, or 100 us tons, so requires 4,500 meric tonnes not the 10,000 as stated, so the $30m annually should be cut down to $13.5m. ;-(

That appears to be such a basic mathmatical error, that I want to go through the reports with a fine tooth comb, unless I can be reassured this is very much an isolated error. To err is to be human. ;-)

Happy to be set straight if I've confused something along the way.

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The previous report mentions 100 tonnes and 100:1 ratio
http://www.newingonstocks.com/wp-content/uploads/2019/06/PET-190605.pdf

So it looks like the “200t” is a typo and should have been “100t”
The financials in the latest report match the previous, $30m.

PET Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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