Thanks. I bought in purely based on FA being undervalued but if it drops back to 0.20 im going to average down.
I also dont think they will need to CR. If they did need some cash they have 2 plants they could sell and also $5.5m unused bank facility.
When they double production most overheads, corporate costs etc will remain the same so I expect profit could be $3-$5m fo full year. Tallow is also currently relatively cheap around $610 per tonne.
Good to see we will be using more lkcal biodiesel anyway opposed to the imported biodesiel which I believe alot is made from palm oil. Much of this palm oil is forestation lf some of the last remaining rainforests in indonesia and habitat of endagered spieces such as the orangotang. Its sad that people go using e10 fuel etc ut not realising where it comes from.
If ARW can get this right there is some strong cases for Australian biodiesel
TEK Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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