Yep - I prefer SBI over MBT (although only time will tell!) I like the fact that the board made the announcement - shows good governance, and respects the owners of the company (the shareholders). They would be in a number of breaches had they withheld this information.
As for your comments regarding CPO vs. refined, There is a premium for RBD Olein against CPO, however I think you're confusing MYR in some places and USD in others. The difference is about MYR 140 or about USD 37. There is additional cost in processing CPO to the stage where it is suitable for transesterification. There is also a loss in product with some triglycerides being taken off as waste thus reducing the extraction percentage. Much of a muchness really. Taking crude Glycerine to Pharma grade has production costs associated with it (also a capital cost)
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Yep - I prefer SBI over MBT (although only time will tell!) I...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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