Post by
2guys on May 24, 2011 9:52am
Making Ethanol Profittable...
Looking at the market caps of ethanol producers Pacific Ethanol (PEIX) and Biofuels Energy (BIOF) listed on the Nasdaq, both have market caps substantially below $100 million, and neither one or should I say no ethanol producer that I know of is profittable.
If LEC can change that and actually make ethanol production profittable without government subsidies and without the use of food feedstocks such as corn, then I would think that LEC's market cap currently sitting at under $13 million could experience an exponential growth and probably see the share price make a hyperbolic move.
Not too long until we get some feedback regarding the trial sales of HP-L Lignin. That, IMO should be the key. atb
Comment by
naccomatose on May 24, 2011 10:29pm
There is one producer GPRE (Green Plains Renewable Resources).I also thought that PEIX and Lignol have a LOI or some kind of agreement.It is only a matter of time when things start to move along. Lately, Lignol Energy has been a boring stock to watch!