PET 0.00% 2.5¢ phoslock environmental technologies limited

New product, page-45

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    From the Quarterly activities report:

    "CHANGXING FACTORY

    The Changxing Factory is in the final stages of completing modifications to allow production of up to 42 tons of Phoslock® per day (15,300 tons pa); this should be completed in August.

    The major component is an enlargement of the wastewater system. Total cost of the factory modifications will be less than $1m.

    The Board is currently examining alternatives to significantly increase Phoslock® production to meet expected future demand.

    Cash at Bank as at 30 June 2019 was $18.0m.

    PET remains debt free.

    The Company anticipates continuing growth in customer strong receipts for the September 2019 quarter.

    Audited 30 June 2019 Accounts:

    PET is expecting to release audited financial statements for the six months to 30 June, 2019 on or around Friday 23 August, 2019."

    Dow up, exciting times ahead. DYOR
 
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