nlx can afford to have an otherwise unacceptable water-tank...

nlx can afford to have an otherwise unacceptable water-tank supply delay because they (tanks) are too big to be imported economically and competively priced. That may also be why they have sales of them at all.

The recent capital raising includes Kerry Stokes because he already has a huge commitment - loss to try to salvage in nlx as well as an interest in preserving a business savvy reputation.

The plastics industry is not very hard, or especially capital intensive game to enter and foreign competition can slaughter you with 1500 cheap workers, some chemicals, drums, moulds and 1500 sticks to stir it with. God knows the world is full of cheap plastic crap.

The Nylex name is very well known, and if it can survive its near extinction and prosper again that would be great.

After falling from dollars to a few cents, selling money-making parts of the business and doing their most recent capital raising (partly from Stokes, which might be a vote of confidence in other circumstances) they consolidated their shares to $2 sp, which is now about $1.60.

Hard to see the attraction of nlx at this stage against other opportunities in the current market despite the growing demand for water tanks - at least not until it first struggles back above its consolidated price of $2.

The company seems subject to several factors which comprise quite a high risk as a straight out investment. I considered getting into it but just could not see an attractive enough upside.

Good luck - hope it does repay you, and you can post the celebration - but close examination of it dissuaded me.