PET-o-RAMA, page-78

A few numbers would help.

Some have been suggesting $100 million sales are likely in 2020. The guidance issued on 3/12 was for $50-70 million.

This was for 10,000-20000 tonnes of Phoslock (implies $30-60 million) and engineering work of $10-20 million.

I see nothing recent that changes that range.

Xingyun we now know is 3000 tpa (Mickem had assumed 3000 tonnes per quarter).

Wuhan Dianchi is 25% the size of Xingyun, but say 2000 tpa. Why not tell us as they have provided Xingyun.

There is maintenace on the Peking wetlands and canals. No figures provided, but say 1000 tpa.

Rest of world at 4000 tpa would get us to the bottom of the range. We only did $1.4 million or around 450 tonnes in ROW in first half of 2019 so this implies a big jump. So perhaps some allowance for other Chinese sales.

These numbers above only get us to $50 million, or the bottom of the range. Have I left out anything we know is definite Mickem?

It would help if they gave us numbers at least for definite Chinese and ROW sales as currently known for 2020.

We could then add new announcements to the total to see if they were going to achieve or exceed forecast, rather than the current guessing game.

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