The institutions have complete control of this company.
They only have to churn a few shares to get the price down.
Today's price does not concern them. They would only have to buy a few
hundred thousand to get the price back up to 300p.
At present the company has not done anything wrong.
Every time I have contacted the company with a query they
have got back to me.
As far as oil and corn prices are concerned they are the same for all
ethanol companies. RVA who is producing 5m gal expanding to 10m next year
has a market cap of £65.2m and GTL has £40m.
Most ethanol stocks have taken a hit of late but nowhere near as bad as us
and we started from a much lower base.
Corn prices will come down as extra production kicks in.
The US government is commited to ethanol and so am I.
I am just waiting for the chart to bottom out and I will be buying some more.