Bought at 0.080 in 2003. Sold at 0.380 in 2007. Love the whole CSIRO clean water technolodgy yet don't regret selling. The short lived peak of 1.051 in 2019 not converted into sales flagship of managements lacklusture past and indicative future.
Market sentiment for the stock is weak.As several of you have mentioned many stocks have and continue to outperform PET. After 20+ years watching this great product flounder shareholders voted management yet another bonus placement.
Production in China will further draw down potential for AUS holders. Evidenced by the Dow correction PET down %6.15 today.Even the golden goose full approval of Dianchi Lake treatment is unlikely to double the current share price.
Directors are averaging out. The numbers indicate sub 0.40c from here. Proceed with caution. I commend your loyalty to PET and wish you all the best.
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