PET 0.00% 2.5¢ phoslock environmental technologies limited

Hi sammy001 !!!It's just that from what I've seen, and I'm no...

  1. 1,125 Posts.
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    Hi sammy001 !!!

    It's just that from what I've seen, and I'm no expert by the way, that missed targets can have a detrimental impact on a SP. There are some out there who take every opportunity to cast doubt over results etc and PET is no exception to that process.

    The price has stabilized around the 80c mark so I hope you are right and I am wrong. ASIC shorts are now around 8 million.

    Anyway PET would have known the final yearly sales figure last week and have a good idea of margins etc.

    If I were PET I'd be in no hurry to put out even provisional yearly figures in the hope that something will come through from Florida in the next two weeks or so. The reviews of all the RFI's should be complete by now. I also noticed that Trump has committed $200 million to the Lake Okeechobee project. https://protectingfloridatogether.gov/about/timeline

    Imagine a yearly sales figure of say $33 million combined with confirmation of a 2000 tonne order from Florida in the same announcement.

    That would set the SP moving I'm sure.

    Cheers!!!
 
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