PHK 15

I've read over the quarterly a few times and keep finding new interesting statements.

They stated cash at the bank as of 31 March 2015 as $1.05m. $600,000 in near term projects would leave cash at bank at $1.65m ignoring any operating expenses.

They confirmed the three big projects total "$7m of sales revenue"

Phoslock Europe and Bentophos continue to work towards a number of large-scale applications, currently scheduled to take place during the second half of 2015.

SePRO is also working on several medium sized to larger projects, several of which are expected to be undertaken later in the year

Further orders are expected from Canada during 2015

Patent is in advanced stage of being granted in 50 countries

Looks like this year is going to be a really big year for Phoslock. Can't really make out how much cash flow the big projects will bring in for the short term as these may run over a few years.

Assuming patent announcement in made this year, they grab 1 large contract and keep the medium sized ones coming in PHK will become very attractive.