Email was replied to almost straight away, Jacinda has been very helpful.
Here is the email... ********************************* Rick Thank you for your email of 26 March. You refer to ARF (Australian Renewable Fuels) in an April 2006 announcement that the CCM project is financed. In December 2006, it was not financed and AAE got involved. The Project was never 87% financed because it just did not happen. I trust this clarifies. ‘til then *********************************
Larger volume than normal today pushed the price up again.
Beatrice is really looking like its progressing well. Hopefully once cashflow is coming from this plant the others will be much easier to finance through debt not through issuing more and more shares.
Rick.
AAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
