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/

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!

Lol stockdog! Might have known you'd come up with a wisecrack.

The SP is starting to look a little stronger as we get nearer to completion ,don't you think Frampton ?

Don't say things like that Jimmy, we'll be back down tommorrow! I'm patiently watching and waiting and hoping for an RNS saying they are up and running way before the end of December, but if it takes that long, so be it. This time next year the shares will be worth alot more.

A little rise every day, I can live with that.

http://www.wired.com/news/autotech/0,2554,68969,00.html?tw=rss.TEK


Green Berets prefer biodiesel


I'm still only watching.......
GF

A nice finish to the week Jimmy, I think you're right about the share price looking stronger.

Yup , nothing drastic, just a nice steady rise , the trouble nowdays Frampton is the slightest negative news and the shorters move in , i'm still very confident on this one and have been all the way. I really think this ia going to be big next year..
Cheers JB..

I was hoping we wouldn't see these prices again. I might buy some more, but I think I'll wait for the bottom this time.

We are having a bumpy ride Frampton that's for sure ,,rightly or wrongly i still have confidence in this ,they say they are nearly complete and ready to go..

Hi Jimmy, I did top up at 1.43, now I'm hoping for a gradual rise back up to 2 - I can always dream (about the steady rise i mean, I'm confident we'll get to 2 and more at some point, but no doubt we'll have loads more bumps)

Yep agreed Frampton ,like i said i'm happy holding ,IMO this has a great future,,Cheers JB..

Jimmy, I am happy holding providing it doesn't fall through the 140 support. If it does I will at least sell some as I have alot riding on this now. I made that mistake on SEO - I meant to reduce my holding before it reached my average buy price so I could get out with some profit, but I didn't stick to my own rules and I kept clinging on because I believed in the companys potential (and still do) and thought they were bound to start going up the moment I sold. I did sell 60% of my holding at a higher price than they are now, so could buy back cheaper, but I still lost an awful lot of capital - I can't afford to make the same mistake twice however much I believe in Biofuels. At least the price is going the right way for us at the moment. Fingers crossed....

What problems do you see Frampton ??, mine are ,,if the plant is delayed again , or they run out of money ,if the plant is delayed i'll stay put ,,if they run in to money problems before they can start to produce then i'm not sure, i have a feeling they would be bought out or bailed out. I am not loyal to any of my share holdings that are dropping ,but i see this as a possible double bagger from here.

Jimmy, I think it's more than a double bagger from here.However, I am concerned about money running out before it's up and running, This shouldn't be a problem provided they manage to get it working by the end of December - but they haven't proved too trustworthy on deadlines to date. If there is another delay i think the shares will fall through the floor and i don't want to be around for that - that said I would want to buy back in cheaper if the only problem was a delay. I'm not saying there is a problem - and I wouldn't have bought more yesterday if i thought there was, i think they have left plenty of room on the deadline this time. The 140 support has proved very solid so far, and so long as it continues to I am happy to hold and add when the oppotunity arises, if it breaks I may have to consider salvaging capital.