another announcement

Well SBI just announced today that they are developing a Palm Oil Mill in conjunction with a joint entity partner.

The total costs to fund this are estimated at $2.8 million over the next three years, and they already have the money.

The end result is equivalent to an extra $A62 per Tonne of Biofuel or about $A6million per year.


That is only about an extra 10 cents a share ... so I guess that is why the share price has fallen from 22 cents to 21 cents today*


*or perhaps they don't read the announcments