lost almost 75 % of its peak value. Point is ..its not the worst of the biofuels and the following is worth considering:
pending management re-shuffle? this appears to be what the insto's and major shareholders are adjitating for (other than perhaps Mr Butcher???)
first plant producing at 90%+ high grade biofuel, 2nd plant should be very close
federal govt fuel rebate disaster is being re-looked at with some possibility the new "green" PM may include a reversal in an attempt to suddenly convert to a environmental johhny come lately.
this story will prove up based on the high grade fuel being produced at higher margins than other potential producers
Finally bear in mind that now that quite a number of other potential producers seem to be pulling back/falling over all this does for any existing producer ie ARW is clear the competitive landscape as well as reduce competition for higher cost inputs such as oils etc
When POO runs up again you might suddenly find the wheat from the chaff or if you like the tallow from the used cooking oil rises to the top.
til then who would've thought you'd be able to buy this stock in PRODUCTION at 65c.
my opinion only.. DYOR
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3 | 171630 | 0.135 |
10 | 979465 | 0.130 |
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Price($) | Vol. | No. |
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0.145 | 210000 | 3 |
0.150 | 51333 | 2 |
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