ptrey, they state what most "naysayers" have said all along, the economics aren't there plus more:
"but continues to find that project development is hindered by issues of economic viability, long planning approval timescales, uncertainty of fuel supplies and poor performance of flagship projects such as ARBRE. Biomass needs a long-term commitment and adequate subsidy and assurance on the supply of energy crops.
The restriction on this market is the price and availability
of fuel."
Just consider transport, one truck may haul 20 tons of coal to a plant, 10 trucks may be required to haul 20 tons of biomass to the plant (due to density).
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.