seems to be turning, page-15

I am probably a fool but after reviewing the latest announcement and the prospectus I decided the current price is looking cheap so I bought some more, has brought my average purchase price under the $1 mark.

The forecast EPS once Houston comes on board looks like around 30 cents. The Darwin plant is positioned to take advantage of demand in northern Australia which NFL claims presents higher margins that the remainder of Australia. The US government has previous expressed a desire to reduce their dependency of imported oil, an increased use of biodiesel refined locally, ie Houston, would go some way to reducing that reliance.

All the planned plants are built with room to grow if the demand is there. Contracts for inputs and outputs are in place for a large proportion of their planned requirements.