Federal Government yesterday granted a further $10m in immediate short-term assistance to the ethanol industry. This is over and above the $50m capital subsidy announced last week.
Indcor (ICO) an Australian company listed on the ASX and a local manufacturer of ethanol, will obviously be a beneficiary of this latest initiative.
Yesterday saw over 23 million ICO shares traded which may indicate accumulation at attractive levels.
IMHO, ICO will be a stand-out stock on the ASX in 2003.
Federal Government yesterday granted a further $10m in immediate...
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