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Purchase – China Biodiesel

So this buy ain't gonna break the bank. Yesterday we lashed out and bought, wait for it, 1,960 shares of China Biodiesel at 6.6 pence a share, for a total outlay of £129.36. I think it's the smallest single tranche of shares I've ever purchased. But it's not about the total outlay, it's about the selling price and when these babies rocket to a quid each, I'll be pocketing a cool 2K. Okay, so slightly over-optimistic? Sure, but as I mentioned when I added China Biodiesel to the Investor Trader Radar, maybe there is cause for a little optimism with CBI.L...

On the Radar – China Biodiesel

Ready for some good old-fashioned penny stock speculation? This one's got the lot! After floating on AIM in June '06 at an initial price of 85 pence, China Biodiesel traded in a range just above and below a quid for roughly 12 months before plummeting to a low touching on 2 pence in February 2009. Yep, 2 pence. Why? Well any number of factors really. The market's reluctance to take Chinese AIM shares to the altar, the questionable ethics of biofuels in general (using food for fuel), the increasing cost of feedstock required to produce biofuels, the ensuing lower than expected profits,...