Hi AV, what were you expecting in this monthly's report ?
If you refer to the chairman's address to shareholders on the 27 nov 2008 it states:
"During the second quarter of the 2008 calendar year, following a major surge in world crude oil prices the company reassessed its earlier decision to suspend Biodiesel production. Since the off-take price of Biodiesel is bench-marked against mineral diesel, the company has elected to recommence Biodiesel production on a customer demand basis. Two substantial off-take agreements were signed for the delivery of Biodiesel from our Picton plant and the full benefit of these contracts, as well as any new supply agreements which may be negotiated, is expected to be realised in the first half of 2009."
So we won't see any positives until then, so don't lose sight of the bigger picture...
TEK Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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