BGC bridge global capital management limited

buyers , page-4

  1. 752 Posts.
    Well if you read the latest NFL announcement you will see that they are claiming that the Singapore Plant is "On Schedule and On Budget" ... but as they are now claiming commissioning of the Plant will commence in Q1 2008 they are not actually "On Schedule" as the original Prospectus claimed production was due to start Q3 2007.

    I think this is more the case of the Investor Relations people trying to put a positive spin on everything after the share price has fallen so much.

    I was also amused by their claim of "Site Lighting to allow construction to continue 24hrs a day" ... when the picture showed two floodlights connected to a portable generator ... I think the 24 hour a day construction is required because they are behind schedule.

    One real postive from looking through the orginal prospectus again is that they have contracts in place with ConAgra for 50% of the feedstock requirements and to take 50% of the Biodiesel and Gylcerine.

    And if they can make say 10 cents a litre on the Biodiesel that would be equivalent to around 20 cents a share which would give us shareholders a very good return
 
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