BGC 0.00% 0.0¢ bridge global capital management limited

Vixen,If you bother to do some research and read some...

  1. 752 Posts.
    Vixen,

    If you bother to do some research and read some annonucements you will find:

    1. NFL had $38 million left at the end of the last quarter
    2. Are about to start refining Glycerine at one plant next week and hopefully at another two plants by the end of this quarter.

    They already have experience in refining Glycerine in the Darwin Plant so it is safe to assume that they will be able to do that reliably in Singapore.

    I would not suggest anyone get out at this stage. The share price may well go down before it goes up again, but once they can post some good results the professional investors will be able to place some sort of valuation on this company.

    BTW ... I could name at least three* Australian Biodiesel companies which are unlikely to survive this year, but NFL is not one of them


    *I have shares in one of them ;)
 
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