If the business is not viable in Aust then I reckon AGRI has made the right choice. Bio-Diesel is more accepted in US and Europe so I think forgetting about Ethanol in Aust and concentrating overseas is the right choice. I guess some shareholders are not sure and that is reason price down. Agri has a low cost Bio Diesel plant in US which is being commissioned next month and has forward contracts for the sale of its Bio-Diesel. They are very well placed to do well in the US but like always feed stock prices will have a bearing on their profit margins.
If the business is not viable in Aust then I reckon AGRI has...
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