IMO these 2 announcements are worth a re-read
http://www.asx.com.au/asxpdf/20141217/pdf/42vjp46g738j70.pdf
- Coretrack delivers outstanding proppant test results that significantly exceed ISO standards
- MD confirmed today numerous companies buy based of spec sheets and no need for testing. So this is just a marketing excercise, hence EAS to help
http://www.asx.com.au/asxpdf/20150326/pdf/42xj72znqzcr38.pdf
- The latest company presentation that confirms the benefits and cost savings in comparison to our U.S. listed competitors (smallest of which is worth US$700M)
So it is simply an excercise of EAS marketing the product to fracking companies and the company securing JV with retrofitable plants (of which there are many) to produce the proppant
That's how I see it. Everything else is just noise
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