Well Interesting some interesting information in yesterday's annoucement.
Basically they are saying at the time of the prospectus they could make RM1066 per Tonne on Biofuel. Now the profit margin has been reduced to RM90 per Tonne.
They are now talking about getting involved in upstream activities to do with Palm Oil production to increase their margins. Best to keep watching to see any future announcements regarding these initiatives.
I actually appreciate how up front and honest this company has been in keeping the markets informed about their position.
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