ABJ australian biodiesel group limited

Only 600,000 shares left on the Buy side today between 0.01 and...

  1. 154 Posts.
    Only 600,000 shares left on the Buy side today between 0.01 and 0.005. Not much interest at all. Whereas approximately 4 million shares are available on the sell side between 0.12 and 0.16.

    I guess we wait for the outcome of the March 27th meeting regarding White Mountain. It will be interesting to see how this venture develops.

    However, ABJ are still a business in their own right with Scanline projected to earn $1.39mil EBITDA in FY09. The entire business will be profitable if some Narangba blending is successful.

    But the key is White Mountain and whether the Solverdi technology is profitable.

    It's a waiting game now...


 
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