All sorts of good news dangled in front holders. We have more cash to keep our little boat afloat, bobbing on the seas with our shipment of all important feedstock. I would expect that all will be in place before the EGM in 60 days. Luckily I'm an ACL holder and know the meaning of true patience.
It's good to see confidence from large investors. Despite the delays I believe that in the next few years there will be changes to the oil economics. Plentiful oil will be a thing of the past and it will be supply constrained. New sources of fuel and indeed new modes of powering vehicles will need to be found. Given the horrendously large investment in distribution infrastructure, oil and oil substitutes will reign till my investment horizon and biofuels will make up a significant part of that play.
There appears to be a snafu with the announcements today. For anyone looking you can find them on the ASX website.
TEK Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)