rang them again yesterday

This time the lady couldn't answer all my queries so she put me onto Max Ger. He was very bullish to say the last and extremely confident that the us plant will go ahead and prove to be very profitable indeed for arw shareholders. He said that part of the 100m they intend to raise for the plant will come from debt and some from new large investors....says there is a lot of interest over there in the operation.

I voiced my concern about how much of the company we would have left, equity-wise, and he said that our current share would be somewhat reduced, but that what we had left would provide us with a very fat profit indeed and he proceeded to do a few quick sums on his calculator lol....


He was also optimistic about the fate of the australian plants and has had a lot of interest since the election. He finds labor pollies a lot more approachable and will be talking with Penny Wong in the near future. He is also talking to companies like bhp and fmg etc and says that with all the current interest in the environment he is feeling very confident that he will be producing biodiesel in January 2008....

Looking very much a bargain imho! Not that I know anything