waiting game

Only 600,000 shares left on the Buy side today between 0.01 and 0.005. Not much interest at all. Whereas approximately 4 million shares are available on the sell side between 0.12 and 0.16.

I guess we wait for the outcome of the March 27th meeting regarding White Mountain. It will be interesting to see how this venture develops.

However, ABJ are still a business in their own right with Scanline projected to earn $1.39mil EBITDA in FY09. The entire business will be profitable if some Narangba blending is successful.

But the key is White Mountain and whether the Solverdi technology is profitable.

It's a waiting game now...