chelseazola,Thank you for your reply.Thank you for your reply.I...

chelseazola,

Thank you for your reply.
Thank you for your reply.
I have found Max has a tendency not to reply.

As you may be aware Max is the Ex CFO now CEO I feel he tends to be conservative with ARW announcements even “need to know” rather than promoting achievements targets and prospects.
I am not suggesting Announcements should mislead but when you get to talk to ARW in this difficult environment they are kicking a lot of goals (FMG) and have a clear direction.

Appendix 4C due out today hopefully will show increasing sales.
With Tallow prices down Margins must be up.
The Picton plant is operating but considering Tallow prices hopefully the Adelaide plant will reopen. (Plant next-door to an Oil Major)

It interesting to see the Shell merger with Arrow and B.P acquiring Bio Diesel companies internationally. The N.S.W Gov Biodiesal mandate.

The NTA (net Tangible Assets) per share is $0.038 (30 June report announcement dated 28 Aug 2008 Section 9) Earlier this year the Tallow price killed ARW.

As I have mentioned before the Liberal Government change the rules for Bio Diesel companies (80/20) rule and excise rebate and bio diesel is about 12Mths ahead of its time

My feeling is the Tide is turning for ARW.
Clearly we have two Biodiesal plants with total 88 Million litres capacity.
With a margin of say $0.10 per litre that’s 8.8 Mil profit.

“WAS” Wasabi Energy took a 10.2% and now hold 8.92% in the last capital raising they have a reputation for getting things right.

I am very comfortable to hold and Add.

Please Please Please do your own research.