If i was you i would Jump on ARW which has better prospects as a biodiesiel company.
They already have 3 clients that they are selling to, they are cash flow positive.
Tehy recently signed a deal with fortescue metals, in summary:
1.Execution of Agreement for the Purchase of Biodiesel between
Australian Renewable Fuels Picton Pty Ltd and FMG Chichester
Pty Ltd.
2.Execution of Agreement for the Construction and Financing of
Cloudbreak Tank and Blending Facility between Australian
Renewable Fuels Picton Pty Ltd and FMG Chichester Pty Ltd.
3. Procurement of funding for resource company biodiesel storage
tank and blending infrastructure.
4.Procurement of working capital facilities from HSBC Bank
Australia Limited.
ARW is currently talking to 6 other prospective customers, the prospective customers are sampling their biodiesel product as we speak.
I'm with you bewbybill, i sold my lot a few month ago now. I'm currently Holding ARW...
Do your own research....
ABJ
australian biodiesel group limited
