Probably just liquid hydrogenized vegetable fats, also known as margarine. Not even insects touch that stuff so why we eat it is beyond me. It probably works well for greasing daggerboards
Ref:
http://www.pam4you.com/pages/products/original/index.jspNotice how it say 100% natural, but dont contain anything of nutritional value, and no list of ingredients is available. It is probably natural, but no more healthy than the turkey you forget in the oven before you went sailing so you created a lump of carbon. Still natural, but not good for you. Sorry, I am off on a tanget again. I hate "foods" like that, that is why..
