Todays it's still a bit of a mystery to me as to what direction the company will eventually take with two new directors on board who seem to have vast experience. There must be many options floating around at the moment. Tallow is not the only ingredient they can work with...there's soybeans, algae and rapeseed to name a few.
National Biodiesel chairman, Edward Dutton,for instance said the company had launched Soybiodiesel in NSW and Queensland, with strong demand coming from the mining, construction and transport industries. They plan initially to produce 288 million litres of biodiesel, as well as 850,000 tonnes of soymeal a year for the poultry and other intensive livestock industries. They anticipate generating $977m in revenue in their first year, with 61pc coming from the sale of soybean meal, 31pc from sales of Soybiodiesel, and five per cent from pharmaceutical grade glycerine.)
ARW have two plants already built and ready to jump on this tomorrow if they wanted to. What's stopping them? I have no idea??
If ARW were generating $977 million in revenue, what would they be worth?? try $5 per share??
TEK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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