"$10, grant fuels ethanol fuel use"

  1. 568 Posts.
    Federal Government yesterday granted a further $10m in immediate short-term assistance to the ethanol industry. This is over and above the $50m capital subsidy announced last week.

    Indcor (ICO) an Australian company listed on the ASX and a local manufacturer of ethanol, will obviously be a beneficiary of this latest initiative.

    Yesterday saw over 23 million ICO shares traded which may indicate accumulation at attractive levels.

    IMHO, ICO will be a stand-out stock on the ASX in 2003.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.