This does sound very good, especially because they have the...

This does sound very good, especially because they have the experience of producing refined Glycerine at their Darwin facility.

It could be noted that in the announcement dated 12th December they stated that production of Biodiesel and Glycerine was due to commence during the first week of January, now they are only annonucing the production of Glycerine to start during February.

Still looking like a HOLD but could rate a very good BUY once the following has been achieved:
- Commissioning of all three Gylcerine Refining Plants
- Contracts in place for supply of Raw Glycerine
- Contracts in place for sale of Refined Glycerine


If they can make $1000 a Tonne from Refined Gylcerine, that is about $60,000,000 per year, which is a couple of times higher than their current Market Captilisation*


*Even taking into account shares still held in ESCROW