12 month high, page-8

Hi Andy (@andy bee),

Just saw your note about taking a look over here. The model seems appealing (we both know about toll treatment and the likes), but my first question is why all the "The Fund’s only significant" and "The Fund is not intended" (from http://ethanepipeline.com.au). My first train of thought is why is this not a vehicle looking to be reproduce the model? Clearly I'm missing something and this is one of the first things I want to know. Will hunt around more, but feel free to email me below with some more of your thinking.