The main activity of Biofuels is the large scale production and exploitation of biodiesel and glycerine following the construction and commissioning of the initial plant.

Biodiesel is produced from vegetable oils and, as an environmentally friendly product, can make a significant contribution towards reducing green house gases and meeting Kyoto targets.



RNS's from BFC can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bfc&go.x=17&go.y=8

http://www.biofuelscorp.com/

The shares are oversold and short term have been rising with volume

DCB on the way then. ;-))

more like JCB on way to bury DC!

BARC it would appear are buying stock of insts and funds who are bailing....

...interesting scenario where the bank who the company has extended their credit and borrowing with is now mopping up stock....will soon be Barclayfuels..??

i may be wrong, but i was under the imprssion that BARC had reduced their holding the other day ..... too idle to check back for the moment

They have increased significantly

that as may be, but do you regard it as any more than the last twitch? .... apart from a misinformed surge about a month back, which last abiout 48 hours, sp would sem to have signally failed to have broken 10 dma .... said dma is now tracking firmly south from 15p, so what further upside from current?

cynic, I have a strange gut feeling BFC may spring back to life.

imo, only reason for today's strength is linked to measures that Mr B may introduce in the budget re alternative fuels ..... however, if the company is bankrupt, as to all intents and purposes BFC is, such measures are meaningless ..... anyway, as i sold at prices between 24 and 30 i feel pretty comfortable to stay put

in fact, if you look at the performance of all this type of stock - e.g. DOO and TAN as well as BFC - they are all having good days, obviously for the reason i suggested

BFC is going up strongly - up 3.75p

indeed they have ..... so are you BUYING?

I'm very tempted, cynic...near closing time, I will decide.

DON'T!

Bought in at end of the day. As far as I can see governments are going to try their damnedest to ensure these sort of companies eventually succeed. World governments are giving it environment environment environment, green green green.These companies will be helped in various ways and means by governments, some ways noticeable, some ways behind the scenes, but they will eventually succeed, and like it says in an earlier post , just look at the way Barclays are mopping up the shares.
Britains businessman of the year last year, billionaire Jim Ratcliffe Owner of the 4th largest chemical company in the world INEOS is currently building a biodiesel plant at his petrochemical complex in Grangemouth, now this man is fascinating.
Banks just throw money at him as he has that golden touch. Now if he is investing large amounts of funds into the biodiesel sector, you can bet your bottom dollar there is a lot of money to be made.
Take a look

http://www.ineos.com/new_item.php?id_press=143

Has anybody really done the sums on biodiesel, etc?

We ain't going to be using it in place of black gold in large quantities in our lifetime methinks. At present these companies are being run by rank amateurs and their investment performance shows it. The honey mood period of "that's a good idea" was over a couple of years ago for the likes of BFC and DOO and where are they now? Not in as good shape as they should be is the answer.

So does Renova (RVA) and GTL - both also in bad shape!

Cynic, if you are into shorting, EEN is a good candidate.

You can't really call Michael Buzzacott a rank amateur can you? Ex BP Group Vice President, Petrochemicals.

No financial wizz though, is he, otherwise BFC would have got where it is today, i.e. almost round the U-bend?

I'm sorry, but there are many small companies being run by guys with no business acumen at all IMO. Mind you, being BP it's hardly surprising. I've worked for them and their profligacy at the lower levels is astounding. Money no object and that was when oil was $20

As for takeover, etc, I guess it's possible. But does anyone really think the government is going to bail out an outfit whose current mkt cap is 6.7m? I'm sorry, but those who even contemplate it are pissing in the wind.

Love,
Al
;-))