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/

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.

Frampton - agree a drop throught he 140p would be a strong sell. Back in later when the risk perception in the market has been absorbed.

Any rumours around when they will produce the first pint of biodiesel?

sd

That's just it stockdog ,rumours at the moment ,who knows..

Ho hum, I was hoping it would close positive today. When are we going to get rumours that its abouts to open? that'll get it moving in the right direction sharpish.

Well on a positive note ,for such a bad week we didn't do too bad ,just look at all the oil stocks .. Good weekend all .JB...

I see from the 'Saturday press round-up' on this site that the Daily Mail suggest cutting your losses on Biofuels (having had them as a buy at 2.58, this advice seems abit late coming.) I hope this doesn't give the shorters the ammunition they need to really drag down the share price.

I shouldn't worry to much about what the Mail think's or not Frampton...wouldn't trust their weather forecast let alone anything else.

Same here stan , , Frampton we could be in for some turbulance ,i am going to fasten my seat belt .. Is this plant going to go bust ?? i don't think so and i'm not cutting my losses..I will be dissapointed if the company don't put out some kind of statement should the SP take a knock .

Stan, I don't rate what the Daily Mail says, and I wouldn't be cutting my losses -as at this price I don't have any. I'm more concerned that once the the price has dropped the shorters can get stuck in and take it down to silly prices. That would suit me fine if I had money to top up, unfotunately I'm loaded up to the gunnels at the moment. So far it seems to be recovering well, as long as we stay above 140 at close I'm happy.
Jimmy, I've held this share since late 2004 and I've got used to needing the seatbelt! I very much doubt they will go bust as well, but there's always that little niggling worry I could be wrong. I'm not sure they will put out a statement if we were to drop, but then again maybe they have learned from past mistakes.
It looks like i might have missed out on a fantastic buying opportunity this morning - 136. If only I had more funds!

Looking ok so far Frampton..

Having sworn to myself yesterday I would sell if it fell below 140p, I missed this mornings opening dip and so failed to follow my own advice. Seeing the buyers come in, it does look as though 140ish is a quite determined level of support just now. I think Frampto's using the eod value has a lot to recommend it to avoid the intraday volatility of this share stopping you out prematurely.

So I'm holding at 139.5p currently - till the eod tells us where we have got to.

sd

I've been out since 9.00, secure in the knowledge the share price was recovering. It seems I was wrong. An automatic stop loss kicked in and sold 1/3 my holding, still holding the rest for the time being. Is the drop shorters and stop losses or is there some other reason? It seems I was wrong that 136 was a good buying opportunity, glad I missed it. I imagine you've sold out now stockdog or are you still holding out? Where is the bottom now?

sold out at 132 odd later in the morning - can't see any chart support before 100p - unless they start production soon with a big impressive announcement.

sd

Iv'e stayed in , i would normally have stopped out by now,but i'm banking on production starting before xmas ,it may,,it may not, who knows ,but they do need to put out some kind of a statement..
It's funny that nothing has changed since the EGM ,if it was going to collapse ,why not then ??one journalist in the mail said sell and down we go,, now are the shorters going to move in big time or is this the bottom ??

A more positive opening then. I wish the company would be more forth coming on news.

It seems I spoke too soon, down we go. I wouldn't mind a very quick dip to 120, so I can buy more shares than I sold yesterday, than a very strong bounce to 2 and beyond. LOL

Whoops back up we go ,Frampton ,i've held firm on these ,hope i'm going to be right..

Jimmy, I am still holding quite a few as I only sold a third. I don't mind if I have to buy them back at a higher price, I'd rather get back to a more comfortable trading range. I did have a slight fear some people KNEW bad news was coming, but as I said yesterday I think it was more likely shorters taking advantage of the support breaking.