Srixon,Well next Friday 6th June we should find out that the...

Srixon,

Well next Friday 6th June we should find out that the extra Capital raising has been approved which will allow the company to continue to operate in the short to medium term.

Next you can wait for the next quarterly result due at the end of July. We can't expect too much from this, just an indication that at least Glycerine Refining Plant has been operating continously for this Quarter.

The more important announcement will be the quarterly result due at the end of October. They should have all three Glycerine Refining Plants operating at that stage which would generate at least $50 million income for NFL.

In the long term they do not expect such big refining margins from Glycerine so we really need to see announcements regarding the production of Biodiesel for this company to really fly.

I am still recommending Holding till next Friday even though on the surface this seems an incredibly good buy at current prices.