BGC bridge global capital management limited

they agree that they have.....

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    NFI

    Natural Fuel says no reason for selloff; 'on track'
    16:16, Thursday, 19 April 2007

    Sydney - Thursday - April 19: (RWE Australian Business News) -
    Natural Fuel Ltd (ASX code: NFL) today said there was no reason for
    recent selling in its shares.
    "The company is on track to deliver its business plan to build a
    strong global position as a biodiesel producer," managing director Mr
    Richard Selwood told the ASX in response to a query over a fall in share
    price from 98c on April 12 to 77c today.
    He said, "Biodiesel and glycerine produced at the Darwin plant
    are bing sold domestically through established distribution networks.
    "The recent bond issue is on track to provide funding for the
    completion of the Singapore plant.
    "The construction of the Singapore plant is on track and will be
    producing revenue by the end of 2007.
    "Contracts are in place with ConAgra to supply necessary
    feedstock to the Darwin plant and, when required later this year, to the
    Singapore plant.
    "NFL has commenced awarding contracts for its Houston plant,
    which is expected to begin producing revenue towards the end of 2008."

 
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