ABJ - Australian Biodiesel Group
- Thread starter zeezee1962
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Back trading after the announcement that Scanline have increased their collection of used cooking oil by 15%.
Interesting announcement although im not sure what exactly lies in for the long term. Reading up on the AGM it would seem their main goal atm is to break even and to "create value" for their shareholders, it didnt really go into what they plan to do exactly (unless I missed something)
Can anyone outline what ABJ plan to do in the future?
Can anyone outline what ABJ plan to do in the future?
One thing I saw recently was the fact that they do have the technology of Biodiesel production worked out and they plan to sell that technology. There will be a lot of biodiesel plants required when the palm oil plantations being developed throughout asia come into production. I guess they will try and get a part of that action. Breaking even will allow them to stay in the business and still be there if biodiesel becomes competetive as oil becomes scarce. Maybe to be in ABJ you need to be a believer that oil production has peaked and we are on the downward slope regarding supplies.
I was under the impression that the rise in shareprice was due to the prospect of brisbane transport deciding to trial biodiesel buses.
hangseng
Gong Xi Fa Cai
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I went to Kuala Lumpur recently and the use of Palm oil is a very big deal there. You could not pick up a newspaper without an article on Palm oil and bio-diesel use. It is even illegal to transport oils privately across borders, with one article showing police "seizing" 5ltrs of Palm oil from a car boot and charging the people for transporting Palm oil illegally.
ABJ is also waiting on confirmation of award as the technical supplier for an offshore plant. This will be an excellent kickstart for ABJ after being in the doldrums for so long.
Also don't just focus on oil use for bio-diesel. Algae use is increasingly being cited as an alternative. I would suggest that ABJ are clever enough to pick up on this.
"Microalgae have garnered considerable attention, since acre-by-acre microalgae can produce 30-100 times the oil yield of soybeans on marginal land and in brackish water. The biomass left-over from oil-pressing can either be fed to cattle as a protein supplement, or fermented into ethanol"
source: http://gas2.org/2008/03/29/first-algae-biodiesel-plant-goes-online-april-1-2008/
I am actually very pro-biodiesel and have been for some time, for many logical reasons. The big aspect I am looking for is Govt support, for not only bio-diesel but all alternate enrgy sources. Govts of all persuasions tout the green alternative banner, however mostly fail in implementation
. It is good to see Vic leading the way on this, dare I say being a died in the wool West Aussie . It is just a matter of time IMO and this aspect will turn in favour of companies like ABJ.All in all I am becoming quite bullish on ABJ and decided to take a small position accordingly on the pullback yesterday, and will increase as more information comes to hand. For now they look quite positive.
Under the micro-scope 'Microalgae'
Attachments
i just posted a message in the "potential back door listing" thread re abj, as I thought that based on the recent agm it might be moving away from its core biodiesel business. However, after posting that thread I had a look at the "market watch" for the day, and the biggest mover with a 600% increase was "austrefuel opt apr09". The only reason that i can see for the massive increase in its price is an announcement today that included a statement that:
"The recent substantial increases in diesel prices in Australia have greatly alleviated the risks and exposures associated with high feedstock prices in biodiesel production. Sales contract negotiations currently underway indicate that commercially acceptable margins may once again be available to biodiesel producers and ARF seeks to capitalise on these returns for the benefit of its shareholders."
Lets hope that the statement is correct and that abj's biodiesel production is similarly now again commercially viable..and then they may not need to change their core business.
"The recent substantial increases in diesel prices in Australia have greatly alleviated the risks and exposures associated with high feedstock prices in biodiesel production. Sales contract negotiations currently underway indicate that commercially acceptable margins may once again be available to biodiesel producers and ARF seeks to capitalise on these returns for the benefit of its shareholders."
Lets hope that the statement is correct and that abj's biodiesel production is similarly now again commercially viable..and then they may not need to change their core business.
The indicitive opening price at the moment is 0.025. Toward the end of last week, it was going for max prices of 0.040+. Where do people think this is heading....back down to its pre-break prices of 0.016 or thereabouts or perhaps bounce back up to the low to mid 0.030's ?
or thereabouts or perhaps bounce back up to the low to mid 0.030's ?Hi all,
I am new to this forum, please excuse me if my questions sound stupid
I have been watching ABJ and ARW for a while. IMO they are very good ones for short term trading since the oil price is set at record high and the share price for the two is at record low. With limited funding I am panicking which one to chose. I can't see any difference between them in terms of growth and value yet the movement and price difference between them is huge!
Is anyone here willing to give some insightful opinion on this one? Cheers
I am new to this forum, please excuse me if my questions sound stupid
I have been watching ABJ and ARW for a while. IMO they are very good ones for short term trading since the oil price is set at record high and the share price for the two is at record low. With limited funding I am panicking which one to chose. I can't see any difference between them in terms of growth and value yet the movement and price difference between them is huge!
Is anyone here willing to give some insightful opinion on this one? Cheers
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What happened to this company? I can't find anything on them even on the asx. Did they get bought? dismantled? merged with someone else?
So_Cynical
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I was only looking at this mob around xmas time...or was it ARW :dunno:
http://www.smartcompany.com.au/clim...rgy-company-solverdi-worldwide-collapses.html
http://www.smartcompany.com.au/clim...rgy-company-solverdi-worldwide-collapses.html
smartcompany.com.au said:
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Thanks.
I was only really after finding out how their share price was doing since I sold them but I wasn't really expecting to find out they had collapsed. I'm glad I got out before that happened. At one point I really believed this company would get somewhere with their biodiesel but then I got annoyed at how they kept issuing new shares over and over and thats when I got out. They even had the BCC buses buying their diesel at one point too if I recall correctly.
I was only really after finding out how their share price was doing since I sold them but I wasn't really expecting to find out they had collapsed. I'm glad I got out before that happened. At one point I really believed this company would get somewhere with their biodiesel but then I got annoyed at how they kept issuing new shares over and over and thats when I got out. They even had the BCC buses buying their diesel at one point too if I recall correctly.
So_Cynical
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When i was looking at bio-diesel at xmas is was very clear the industry in general was in trouble due to high feed stock prices, i don't think the industry has much of a future out side country's with lots of palm oil.
Palm Oil has become a big no no recently in big business.
You can watch this youtube from treehuggers (usually I am anti Greenpeace due to their nuisance ways but I work for an FMCG and Palm Oil is now a big deal)
http://www.youtube.com/watch?v=QV1t-MvnCrA (don't know how to embed...apologies)
Why wouldn't ABJ or alternate fuel companies succeed?
You can watch this youtube from treehuggers (usually I am anti Greenpeace due to their nuisance ways but I work for an FMCG and Palm Oil is now a big deal)
http://www.youtube.com/watch?v=QV1t-MvnCrA (don't know how to embed...apologies)
Why wouldn't ABJ or alternate fuel companies succeed?
So_Cynical
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Palm oil is great for making bio-diesel because of it very high carbon content, (it will burn when put directly into a wick type lantern same as Kerosene) and well suited to mass production because its easy to grow, very drought resistant, very tough all round and a very high oil per hectare can be achieved (over 7000 litres per hectare per year)
Now unfortunately the Malaysians and Indonesian's in particular have gone palm oil crazy and have planted millions of hectares and are the worlds biggest producers with over 70% of world production between them..and have destroyed millions of hectares of forest to do that.
So im concluding that bio-diesel production is well suited to Malaysia and Indonesia due to a massive supply of quality feed stock, keeping in mind that palm oil while great to cook with is terribly unhealthy to eat thus shouldn't be eaten and therefore should be used to make bio-diesel...in a perfect world of course.
IMO
http://en.wikipedia.org/wiki/Oil_palm
http://en.wikipedia.org/wiki/Biodiesel
Now unfortunately the Malaysians and Indonesian's in particular have gone palm oil crazy and have planted millions of hectares and are the worlds biggest producers with over 70% of world production between them..and have destroyed millions of hectares of forest to do that.
So im concluding that bio-diesel production is well suited to Malaysia and Indonesia due to a massive supply of quality feed stock, keeping in mind that palm oil while great to cook with is terribly unhealthy to eat thus shouldn't be eaten and therefore should be used to make bio-diesel...in a perfect world of course.
IMO
http://en.wikipedia.org/wiki/Oil_palm
http://en.wikipedia.org/wiki/Biodiesel
