Well someone read the latest announcement, because NFL's share...

Well someone read the latest announcement, because NFL's share price jumped up a couple of cents very quickly.

NFL have entered into a contract with GEM Biofuels PLC to by the start of 2009 supply 2.5% of Singapore's and by 2013 supply 25% of Singapore's Vegetable Oil requirements at a fixed price of $US500 per Tonne.

The long term benefit to the company could be additional earnings equivalent to an extra 20* cents per share by 2013.


*Based on my rough calculations of Palm Oil Kernal at $US900 per Tonne, 600000 TPA, 340 million shares