re: worth watching..perhaps ok for what its worth.. my opinion.
and yes I've been a bear
Lillywhite supposedly is ok.. tough.. but this is exactly what arw need to rein in all the OS developmental spend that has been by anyones standards outrageous..
Intention apparently is to renew focus on oz plants not b4 time..
still have not sold any biodiesel.. apparently some waiting to go under last announced contract .. (not before time)
as for WA no production yet.. for various reasons.
Still no cashflow and therefore no cash. (Have lending facitlity tho.. just as well).
Fed govt grant not payable until 30 days continuous production.. may not be achievable til new year (more hold ups - why not run now????)
otherwise.. you could expect it could only get better.. lol
oh.. one other thing every time it looks a little better.. someone (insto's? who got set at $1.65!!!!) slam it..
needs sustained production then cashflow then cash before any more OS development.
If Lillywhite can't achieve this.. he should go too with the MD.
Cant wait for the AGM.. just as well its being buried in WA
my opinion only.
DYOR
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