This too shall pass.
But let's pause to regain perspective.
China is a top down command economy. The 13th FYP has mandated rural waste water treatment. The 13th FYP provides US$15bn funding for rural waste water treatment. It plans to raise the amount treated from 10% currently to 70%.
FLC has always said China is one time opportunity for them. It's a land grab for now. FLC expects in 5 years' time, variants of MABR will come out from within China. That's why they are rolling out SUBRE in Israel first, and later in China, and later ROW, to address the larger centralised waste water treatment plants.
FLC knew the issues going into China. They are not amateurs.
Understand the strategy. Don't react to news bites. Respond appropriately. I am buying more.
(This is not ramping. Do your own research.)
This too shall pass. But let's pause to regain perspective....
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11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $118.9M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.0¢ | $12.77K | 118.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9987 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 81898 | 3 |
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| FLC (ASX) Chart |