OTCPK:EUCTF - Post by User
Post by
kidl2on Jun 19, 2017 3:42pm
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Post# 26379419
Philippine Fuel Marker – Status Quo
Philippine Fuel Marker – Status QuoLatest article as far as I know:
https://business.mb.com.ph/2017/05/30/fuel-markings-tor-out-soon-boc-chief/ We know from previous articles that there are 4 bidders and using this article, we get ...
- 2 Bil PHP = US $40 Mil up front capital cost (labs etc) and
- 9 Centavos = US $0.02 per liter which was also mentioned in other articles
The up front capital cost and the low cost per liter seems to point to a marker only contract which would mean that even if SICPA/GFI wins the contract there would be no guarantee that Xenemetrix will benefit.
If you really think about it, buying a tamperproof marker while maintaining control over logistics / testing is the perfect solution. Honest government officials / bureaucrats now have even more control over who gets to play and who doesn’t.
A 1 in 4 chance to win the contract with the selection process to finish Jan/18 pointing to mid / late 2018 implementation leaves a best case scenario of EUO collecting royalties for 2 to 2 ½ years with a potential EUO royalty guesstimate down from $5 Mil to $2 Mil per year based on this back of this envelope calculation and the new info.
https://www.siliconinvestor.com/readmsg.aspx?msgid=30991290