boardroom radio, page-4

Thanks for letting us know about this Navygulf, I'd been expecting an interview to appear on BRR.

Interesting that the glycerine refining is going well with very high purity levels and great to hear that sales are proceding.

On the initial signing of funding arrangements with Power Knight Pte Ltd I was a bit wary but from listening to the interview with Dick Selwood I'm a bit more positive about the arrangements. I'm especially interesting in their exposure to jatropha and will look for more info on that in the coming days, once I have the time.

Given the price that Power Knight will buy in at and the options and convertible bonds I wouldn't expect the share price to rise overly much in the short term.

On what I currently know, thanks to the interview, I would expect that if PK get the nod with their funding for NFL and the share purchase then look for an announcement soon after regarding feedstock arrangements for the supply of jatropha oil.

A stab in the dark suggests that we may well see commercial production of biodiesel at the Singapore plant before the end of 2008.