Posted by shane228 (10/06/08):
I know for a fact that Fortesque metals is the "Prominent" company for the purchase term sheet. You may already be aware of that.
A Bunbury engineering company has begun pricing on 2 1 million litre storage tanks for the Picton Plant and has been informed that Worlsey Alumina are wanting bio-diesel from Picton.
So would realise the purchase order today, as stated in todays ann, would be infact Worsley Alumina.
Add to that "Speculation" Picton has been running near full capacity (120,000 litre/Day) to supply local markets(Piacentini, Caltex & Westfarmers Coal) and are making profits of around $0.50/litre. Due to Diesel Being $1.80/litre and rising.
Full steam ahead for AR Fuels Picton.
new major share holdings, page-8
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