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2.5¢ phoslock environmental technologies limited

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iamagenius

6,488 Posts.

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22/08/19

19:08

Post #: 40104514
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Originally posted by Titanium8 ↑

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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Commentary is important , and the outlook

PET Price at posting: $1.40 Sentiment: None Disclosure: Held
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