Fair comments Sammy! Yes, the Chinese governments massive financial and public commitment to cleaning up the country's water bodies is standalone and is underway! None of us need to be reminded of the magnitude of this market alone as a significant company maker in the short, medium and long term and we are only just beginning to see the fruits of this strategic and mutually beneficial initiative. Water bodies the size of Sydney harbour are yet to be addressed that have already been identified as needed to be addressed not to mention the rest of China's water body issues equivalent to the entire land mass of NSW and that will also include increasing residual income streams for PHOSLOCK in the years ahead...
It may be the new method for PHOSLOCK to align it's public relations strategy to those listed on the ASX 200 which often use quarterly reports to reveal revenue achievements which often causes a sudden re-rate, rather than announcing individual contracts...
I believe the scientific discussion currently occurring with regard to connecting Algae blooms to brain disease is interesting to say the least, especially if it results in local governments being legally obliged to clean up it's water bodies at any cost to avoid massive class actions against them, and this would be around the globe!
All that said, our recruitment initiative and corresponding strength in growth in ALL areas of this business is extraordinary and its clear that the operational environment is supportive of much more of the same well into the future.
PET Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
(20min delay)
