http://www.biodieselmagazine.com/article.jsp?article_id=2414
Not much, but it shows that working capital lines of credit are being established for biodiesel producers. Fundamentals of the industry are improving with the runaway oil price and a fairly consistent soy oil price. www.cbot.com shows a soy oil price of 61c which is with the managements range of 55-65c which is 'supposed' to produce an EBITDA of 25-35 million USD.
The forebearance agreement with agstar allows then a standstill in loan repayments to the 30 June 2008. Needless to say, i think we should hear something within the next 2 weeks. Maybe 4 given the management ...
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