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/

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.

There is only one way for BFC shares, that is up, just wait till the news breaks that production has started.

I agree with Framton, they are a good "hold."

That's a better day than i thought we were going to have Frampton , just need that announcement saying the commissioning is complete and we will be starting production on November 5th .. Oh well i can dream .. :-)

I like that dream! If they would just say something reassuring I would feel happy to put the rest of my money back in. Still waiting to see where its going next. It's a bit more exciting than having your money in the building society anyway!

It's a bit more exciting than having your money in the building society anyway

Framton ,that has to be the understatement of the year !!! + i don't need this kind of excitement...

I don't know, I kinda like rollercoaster shares, I always seem to end up in them anyway. Although I have to admit this one hasn't done my nerves too much good the past few days. It did help me to relax a little reducing my exposure, but this is still my biggest shareholding, so it would be nice if we just have a gradual rise from now on, until the big spike up on news of production. November 5th does sound good...
Just a thought, where will the share price be if they don't update us till Dec 31st? I'm not sure my nerves could cope with that.

Considering the state of the market Jimmy, these seem to be holding up very well.

That's what i have been thinking all day Frampton, Why i wonder ? anyway i'm not complaining ..

Nice finish. I wonder if we'll be visiting the 130s again, or have we seen the bottom?

Still holding steady Frampton . Come on make that announcement , we are up and ready to go ...

http://www.petroplus.co.uk/news/headlines/the_farmers_club_journal.


Frampton worth a read when you get time ..Cheers JB..

Thanks for the link Jimmy, an interesting read. I like the mention of a second plant - details to follow "shortly". Lets hope "shortly" isn't such an ambiguous statement as "virtually complete"! News of something soon please!!