Any news on the Sterling Biofuels IPO which was supposed to close yesterday.
I had a read of the Sterling Prospectus (identical project to Jupiter) and the financial projections look extremely optimistic.
Either a 10% move in palm oil, or biodiesel selling price, halves the profit.
And there is already evidence that the overinvestment in palm oil plants has pushed up palm oil prices. The Malaysian Government has said that there is no more land for plantations.
massive buy opportunity today..., page-11
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Last
2.6¢ |
Change
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Mkt cap ! $33.13M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10842 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 116158 | 1 |
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| Last trade - 10.04am 16/10/2024 (20 minute delay) ? |
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