RE: RE: RE: long base lineIt was $2 in 2007 and was then a biofuel upstart at a time when biofuels were really big.
The market and oil price collapse in 2008 resulted in LEC turning its business model upside down.
Its main aim now is to develop new commercial products from the lignin waste whose commercial returns will make the cost of biofuel production, as a byproduct, very cheap.
Things are now moving in consonant with this move.
OIl is over $100 again, and going higher.
Feed biofuel costs are rising very quickly making forest and other non-feed wastes highly attractive and much cheaper biofuel sources.
LEC is now on a rocket sled trajectory.
at some point, the broader market will suddenly realize the huge and realizable potential here and the share price will increase exponentially.
That is, the $2 level is achievable once again.