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
From the Quarterly activities report: "CHANGXING FACTORY The...
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