Biodiesel companies turned out to be less popular than I realised.
Turns out the environmentalists don't like them as they see native forests being torn down to make way for plantations to generate foodstock to be turned into biodiesel. Humanitarians don't like them coz they are causing foodstocks to be diverted to biodiesel rather than for feeding the world's poor. Investors don't like them as they see them being propped up by tax incentives and artificial greenhouse emision targets from governments (and as investors in the MIS horticultural project can attests, governments can be fickle). The rise of the $A has also worked against them.
Remind me again why I bought shares in the NFL float? Oh, that's right, coz I didn't do thorough research before parting with my money.
Ah well, you win some and you lose some. It's only a loss if you sell. ;-)
BGC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
