is this a con or what???, page-10

re: is this a con or what??? for whiteyg Biodesiel has made progress - getting the law changed on tax exemption was a must have. There's a lot of other things that have gone in the background there too as far as teeing up things on demand and supply sides, working with state governments, getting equity finance book in place, going through the due dilligence with banks, checking out the export situation, supporting research in the area, confirming technology, talking to contractors etc etc. This stuff doesn't make it into announcments asx as it's not the final outcome. Doesn't mean all will end up perfectly but it hopeful.

Also on oil and gas side yes they've had a few dusters but they've had a few successes too. Look at the revenue and profit projects - looks like a very healthy upwards trend to me.

Does the above account for the price rises. Probably only partly. The rest is most likely sentiment. Was an absolute bargin at 10 cents. I asked posters here why people ignored the good FA. They just said traders and investors were bored with it - too small, price never moves, solid company but not exciting etc. Now it's broken out the boredom's gone and people are looking at the upside. Also as inevitably happens when peopel are listening and they've got a good story they're out there selling it.

Anyway as always please make up your own mind.

I hold

Cheers
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