ARW - Australian Renewable Fuels
- Thread starter Rasman
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News imminent, any day now. The word in the street is that they are about to sign a deal with FMG Fortscue metals or BHP. ARW is to provide 5 million litres of Biodiesel to one of them. This deal could send the price back to 0.30 cents
Watchlist time;An announcement "significant/substantial " will be out early next week.From what I hear it is mainly to do with the Aussie operations.
Crossed fingers.
The announcement ARW holders are waiting for should be released by this comming Wednesday.It should contain that contacts have been signed off and that funding has been secured.This is only to do with the Aus operations.
As the Pre final report stated the US operation may take some time resuming because of sub-prime crisis.
Anyhow cross those fingers for a reasonable re-rate.
- Joined
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Good news to come out at the end of this week. Spoke to Company
They are confident that they will get the Bank approval by this week
They are confident that they will get the Bank approval by this week
Good news to come out at the end of this week. Spoke to Company
They are confident that they will get the Bank approval by this week
I spoke to the co. last week as well.Max told me that news would be days away re financing.I have been using current climate to accumulate with the last buy @2.7.
Now with oil over $100/barrell this is looking even better.Max told me that profit would be >20c/litre.
Come announcement, we should see a reasonable re-rate of the sp.The thing I like about ARW is they are manufacturing fuel;instead of spending millions drilling in the hope they find oil.More gaurantee here.Anyway,we wait.
Time will tell.
The announcement came out last night.FMG is the customer.HSBC the financier.May well be on the road to recovery.Look at the announcement and do some research.This is my LT buy,as ARW is well placed to be also involved in the new industry re greenhouse emissions.
Before the Govt subsidy was removed in early '07 the sp was as high as $2.70.This could be as high as 50c in the next 6 months as new customers come on board.
Hmmm I am not so sure. I spoke to Max when the stock was trading at 40 cents (yeah he was still CFO), he assured me that production and sales would outstrip costs of tallow. He was singing to the tone of rising crude in his Sth Afrikan accent, and look where it's at now.
I am not sure that I trust Max after that major bombshell. But to each their own I guess.
I am not sure that I trust Max after that major bombshell. But to each their own I guess.
The FMG announcement is out.
1.Execution of Agreement for the Purchase of Biodiesel between
Australian Renewable Fuels Picton Pty Ltd and FMG Chichester
Pty Ltd.
2.Execution of Agreement for the Construction and Financing of
Cloudbreak Tank and Blending Facility between Australian
Renewable Fuels Picton Pty Ltd and FMG Chichester Pty Ltd.
3. Procurement of funding for resource company biodiesel storage
tank and blending infrastructure.
4.Procurement of working capital facilities from HSBC Bank
Australia Limited.
Try etrade, i'm not sure whether you need to be a registered user but they provide a great amount of information such as cash flow, balance sheet, etc. for each specific company
for ARW
https://invest.etrade.com.au/QuotesAndResearch/Shares/Profile.aspx?symbol=ARW&tab=Profile
Marc
for ARW
https://invest.etrade.com.au/QuotesAndResearch/Shares/Profile.aspx?symbol=ARW&tab=Profile
Marc
Hi Marc,
What we have here is ARW basically starting from scratch again.I had quite a lengthy discussion with the co a couple of days ago.M.Gerr is very bullish on the prospects of the co.Shortly,they will be producing approx about 16 million litres of bio-diesel, with the majority going to 3 customers.I customer is meeting with Max next week to talk about substantially increasing from their current 1 million litres.He is also meeting another major corporation next week as well.He has supplied samples of bio-diesel to about 6 prospective customers in the last 2 weeks.
What I like about ARW is they are not using valuable food to make the fuel.As of next year co's will be using ARW for carbon credits as well.
You should ring ARW and speak to Max Gerr;he very approachable.
I will continue to buy on any weakness.My target for 6 months is 40c.So we will see how we go.I do expect to see re-rating to start in the next couple of weeks.
Goodluck holders
Thanks upndown.
The outlook does seem promising, let's hope that many more customers sign over to ARW fuels, 40c in 6 months would be a very attractive profit on the current sp. So we can probably expect a few announcements over the next month for increased demand.
Marc
The outlook does seem promising, let's hope that many more customers sign over to ARW fuels, 40c in 6 months would be a very attractive profit on the current sp. So we can probably expect a few announcements over the next month for increased demand.
Marc
hey guys,
anyone know why the 30% jump today? there was no news, or is this simply someone buying a few shares to try and make a quick buck? It just seems strange that ther's been hardly any trading on this share and then for it to jump 30 % in one day.
Marc
anyone know why the 30% jump today? there was no news, or is this simply someone buying a few shares to try and make a quick buck? It just seems strange that ther's been hardly any trading on this share and then for it to jump 30 % in one day.
Marc
