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/

It will be interesting to see what the SP does this week once the information has been digested, we could see further rises..

Not a holder - too risky for me, but there could be a lot of upside. Bit concerned about the phrase in recent EGM statment "our lender is currently supportive, with discussions regarding funding now underway". As worst case, a cynic could perhaps interpret this as meaning " our bank wants out, but realises that it is in so deep it must stay the course and has given us 3/6 months to refinance". The price of their "currently supportive" position is also likely to be high. Hope this is not the case, as banks also realise that major projects invariably take longer and cost more than originally budgetted. Will watch with interest.

The demand is so high that funding would be no problem IMO. The rest are all positive, better than expected.
This reminds me of Dragon oil (DGO) when it was around 40-45p and everyone was worried about funding. The company never said they have enough money nor they have serious problem .... They probably didn't think that's a problem to properly address.

The delay has obviously held back the price , but i'm prepared to be patient on this ,it has a great future.

If you are in business, you should know all their banking facility has conditions, they obviously got the overdraft on the assumption of full production by end of Sep, it's odd this time, they only say Q4, not even a deadline, their 13m cash at bank in June could be less than 2 or 3 now, if the bank are not supportive, they could pull the plug, the management obviously fooled our shareholders using a PRed statement, even though, still a lot of alarming points, eg, delay again, funding talk, the price of this share is only based on hope, I'm out of it now, wont come back in for a while, please be careful with your money, BFCers!

mayiguo " the price of this share is based on hope" ,

They have the largest Bio plant in Europe,, built,, and nearly ready to produce ,i think your going a little over the top.

I agree with mayiguo. i'm also out for the time being. Too many uncertainties in the short term. But long term this could well be the next BP or Shell.

I agree if they finally got the full production, they will be a lot higher than now, but, they keep breaking the promises, especially this time, they only let us know there is another delay on the 19th, they suppose to finish by 30th, I also worry about funding. To be honest, I think it might go up a lot in a year's time, but in next few months, unless any cracking statement re : full production and funding secured, I would say, the share has more to fall.

Mayiguo, I can't see how they can fail to get to full production at this late stage. I agree it's dissapointing they didn't report the delay much sooner as they must have been aware of it for some time, however it seems a case of when they start producing not if.

frampton, Exactly, but did you notice they said 30 Sep in July, and they did not say exact when this time, also, vitually finished construction = many builder working on Sunday? I do not really trust the management any more, my view is reflected in the current SP, I was a strong believer too, mate, I just want to wait until the picture becomes clearer.

Why should they tell you?
Do they have to make everything clear for us? In the future, they can say we couldn't estimate the exact date!

Why should they tell you?
Do they have to make everything clear for us? In the future, they can say we couldn't estimate the exact date!

Say that again ahoj.

the problem is that when you tell`porkys`... (or not the whole truth as in this case)the city get very worried......and wonder what else is in store.

mayigou, I think it makes sense not to put in a new completion date, if they'd have said "towards the end of the year" as opposed to "end of September" in the fist place they wouldn't be in this mess, and the share price would probably be alot higher in anticipation of completion. By being less specific they are now in a postion to surprise on the upside - they have till the end of December to complete and the market is expecting the worse, so if an anouncment comes out much earlier, it will give the share price a good boost. I don't blame you for not trusting the managment, I am very wary, but still hopeful, it just seems we have a longer wait.By not giving much info away, they have given the bears a second go at this, which is a shame. Does anyone know if EK is still short?

I'm looking at this share longterm and as such i'm really not too bothered about a short delay in completion of the plant.In 6-12 months that delay will be irrelevant. The way that oil prices are moving, and the concerns about global warming are both more significant longterm factors that IMO mean that biodiesel surely has a huge growth potential, and BFC should be well placed to take advantage of that.Looking at it from that perspective now is probably an excellent time to get in while the price is low, as when the plant comes online the SP will hopefully rise significantly.Then there's the prospect of a second plant, which if the first is a success ( which i think is only a matter of when and not if actually ) must be almost an inevitability, and then who knows where?
As you can see I'm very positive about this company, and am in for the long haul. At the end of the day only time will tell.

I agree trigger, I'm in for the long term and hoping for good returns, any weakness is a buying opportunity (if only I had more funds)

if the wholething really delay to Dec or Jan, they will certainly have trouble with funding, hence the high hedge cost against them, that's why the share is under pressure, I predict next RNS will be RE: funding,

Also, anybody knows after commissioning, how long their trail production will take before the full prodction? the current cash burn rates are threatening.

not a very good day at alk either- energy stocks getting a bit battered at the moment

Does anyone know if EK is still short?
No, but he's still fat. lol!