Gas to Liquid
Commencement of Operations Started 28/12/2006
The strategy of GTL Resources plc is to produce liquids such as methanol and ethanol from stranded gas, corn and other feedstocks with quality counterparties. GTL manages all aspects of a project: finance, feedstock supply, production and marketing.

In line with its strategy of seeking to develop and exploit markets for alternative fuels, GTL has, since the beginning of 2001, concentrated primarily upon developing methanol projects, principally in Australia, and, more recently, ethanol project work. The Board has recognised the strategic benefits of acquiring a cash generative asset on a shorter time scale than the typical methanol construction time of three years. In furtherance of this strategy, on 6 September 2005 GTL Resources acquired a controlling interest in Illinois River Energy (IRE) to build an ethanol plant at Rochelle, Illinois, through its wholly owned subsidiary, GTL USA, which has been established for the purpose of investing in ethanol projects in the USA. GTL USA has invested in IRE by way of a subscription for units of IRE pursuant to the Unit Purchase Agreement.

This project has the advantage that the Plant is expected to produce revenues on a shorter time scale and at a significantly lower capital cost than the methanol plant in Australia.

The Company intends to further expand within the ethanol industry in the United States or other suitable markets by selective acquisition of low cost production facilities. The Company sees itself as a potential consolidator of ethanol plants in a particularly fragmented market.

FT Tip
GTL Resources, an Aim-listed company. It raised money to build an ethanol plant in the US. Raw materials costs have risen but the price of ethanol has gone through the roof. The earnings potential should be spectacular.

New Plant

Construction started at Rochelle, Illinois site in September and production from the 50 million gallon per annum ethanol plant is expected to commence in the fourth quarter of 2006. Following unusually mild weather in Illinois the project has progressed well and is on schedule and on budget. Whilst the Companys main efforts centre on the successful delivery of the US ethanol project at Rochelle, the potential expansion of that site to 100 million gallons is being investigated. In addition and consistent
with GTLs stated strategy for the expansion of its interests in the ethanol industry, other ethanol opportunities have also been identified and will be analysed. Pictures Of The Site Under Construction March 27, 2006 http://www.illinoisriverenergy.com/html/construction.html


Arden
http://gtlresources.com/documents/ArdenAnalystResearchNote.pdf
http://www.gtlresources.com/documents/ArdenAnalystResearchNote.pdf
BBC News Item On Ethanol
http://news.bbc.co.uk/nolavconsole/ukfs_news/hi/newsid_4940000/newsid_4948400/bb_wm_4948456.stm

Ethanol Priceshttp://ethanolmarket.aghost.net/
Ethanol as a Transportation Fuel
http://energy.ca.gov/afvs/vehicle_fact_sheets/ethanol.html

Annual report for 2006
http://www.gtlresources.com/documents/GTLAnnualReport2006_001.pdf
Pics from Ethanol Producer Magazine of GTL's plant.
http://ethanolproducer.com/plant-images.jsp?plant_id=302&image_id=59
Commencement of Operations Started 28/12/2006
http://www.gtlresources.com/
Economics of Ethanol
http://www.ces.purdue.edu/extmedia/ID/ID-339.pdf
2 July 2007 GTL Resources FY pretax loss narrows, plans 13 mln stg placing to fund expansion
http://moneyam.uk-wire.com/cgi-bin/articles/200707020705014067Z.html
GTL Web Site
http://www.gtlresources.com/

A positive from today is that it is the 2nd day that the price has risen since 24th January (17 trading days). Hopefully the start of a few more - would be nice.

quite right soul ..... Ronson went to jail for his part in the Guiness affair

cynic
Is that Ronson the razor blades his dead.

laurie
Good posts cheers.

unless i am much mistaken, the father set up Heron petrol stations and then expanded into property .... it was this company, a well-respected(?) plc, that the son (Gerald) took over

Morning all.

Seems to have been a number of sales already this morning, but the price of ethanol is up to 2.098.

Here's to a good week....

Ok - Excuse what may not make sense but here goes - Surely if the price of corn is rising, as the graph shows (Its hitting highs), then producers of ethanol will be faced with higher costs and subsequently raise prices. The overall effect on the market being higher ethanol prices, a huge bonus to GTL since its corn is locked in well below prevailing market prices.
= Higher profits for GTL, lower P.E, and in GTL 's case a lower S.P!!!!! Where;s the sense in that>?!

I agree nonsense at this price and just fallen - though no surprise with all the sells.

can anyone tell me how to find out what the different codes mean on the buying and selling trades ie at vw etc.

Hi Janet,
Click on help and then click on Trades and they are all listed.

thanks for that laurie, I have now found the list.

The graph is looking a bit sad to say the least!

The graph is looking a bit sad to say the least!

Can't really go any lower then can it.... (touch wood)

the chart stinks!



red = 50 dma
green = 200 dma

only straw is that rsi is heavily o'sold.
share prob best avoided

beware! just when you think it can't go any lower..... it will !

Anything's possible in the current market sentiment..

red = 25 dma
green = 50 dma

one might argue that these two form a dead cross, but might (would) be more significant if they were 50 and 200 dma.

though rsi shows heavily o'sold, sp looks firmly set for antarctica!

cynic, what does dma stand for?

daily moving average

Skyhigh - I may not be aware of everything but I'd say market sentiment is pretty good at the moment.
Cynic - graph looks bleak but I still don't believe that they can prophisise price movements as accurately as you say - And we will see with GTL > I'll wager that within 1 month they'll be back over 200p - you can have 160?

ok, and what impact do the lines of 25dma and 50dma have, sorry for appearing thick (i'm not... honest)