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/

Not THE RNS we're waiting for, but it's done wonders for the share price none the less, lets hope news on the plant isn't far behind.

I think it's great news ,just a matter of time now ,,hope the SP carries on like this .

I agree it's great news Jimmy, hopefully we won't see the likes of 140 again, going in the right direction again this morning. So long as we don't have too long to wait for the plant to be up and running....

Well it does say ,,in the final stages of commissioning .so here's hoping..

This share has got great potential, I reckon 220 by the end of the month.

rather worrying announcement:

Biofuels Corporation PLC
17 November 2005


Biofuels Corporation plc

('Biofuels' or 'the Company')


Temporary suspension of shares


Biofuels announces that dealings in its shares have been temporarily suspended
at the Company's request pending the conclusion of discussions with its bankers
and equity providers regarding its ongoing funding requirements.


The future viability of the company is dependent on the successful conclusion of
these discussions.


A further announcement will be made as soon as practicable.


17 November 2005

Shares suspended this morning. Anouncement sounds rather alarming.

Anyone have any info?

Looks like the dream is over and going bust

No info , don't know what to make of this

Frampton , any view ? have they just run out of money or is the plant delayed again so the banks have pulled the plug.

yeah - does sound rather alarming particularly as they mention the "future viability"......i don't like this.......perhaps the final testing stage has shown them that things need fixing (that is if they actually were testing - or simply buying time with that announcement).......either way, they are not delivering to us what we want ! and it doesn't seem as though this banking issue has anything to do with further plants being constructed......

is the management really that bad in regards to running a project ????

I'm beginning to think they are .

Curious that statement last week made no reference to company's problems, but writing on the wall at time of EGM in Sept (several posts at the time). Could be a long weekend negotiating for those involved, seems too far advanced for it to just fail, but little comfort likely for ordinary shareholders.

yeah....but at least the current sp isn't up near 3, so the base should be closer, if it does fall from the 140's......could still slump dramatically though.

(this leads to me to wonder what the Evil one knows about many of these stocks- cos he may have called this one right as well......although no doubt he has buddies in all the right places too, on top of his supposed forensic accounting acumen)

Hi Jimmy,been out since 9.00, only just seen the anouncement, so am in a state of shock. I always had my niggling doubts about the way the management have handled everything, but still thought shareholders would be the ones to make money from this plant (someone is going to for sure unless its been suspended because commissioning has shown the plant doesn't work), what a mess they've made. This has to be very bad news indeed: I think we are unlikely to get very much, if any, of our money back. I'm feeling quite sick at the moment as I am up to my neck in this share.

I'm what you might call slightly overexposed myself Frampton ,so i'm seriously pissed . I'm not sure that it does'nt work ,i would more think another delay ,thus swallowing up more money ,at least that's the concensus on the other bb's , however you may be right , nothing would surprise me at the moment..

I'm just catching up on the posts over the road - over 400 since I last looked. I doubt the plant wouldn't work either - if it eventually gets finished. What I mean is once the plant is up and running it will be making someone alot of money, unfortunately it doesn't look like it's going to be us. I think it more likely you are right - there is another delay and the money has run out. I'm mentally trying to write this investment off - painful though that is - if we receive anything back, I see it as a bonus. This has been a very tough lesson in investing...

For what its worth ( first time I have viewed this BB)
According to the BFC Final Prospectus Part 10 section 12.7.1.2 The Barclays working Cap Banking facility is base rate plus 2%, But this increases to 5% as from 31st Oct 2005 unless amounts outstanding have been reduced or cancelled to 7m or less. Default interest accrues at these rates plus an additional 2 per cent per annum. ..

According to the "Risks" statement in prospectus...
" If the company is unable to service its loan or is otherwise default under its banking financing arranged ( such default including that the expendtiture required to complete the plant exceeds the amounts agreed with Barclays under the revised credit agreement by greater than 5% or the construction, ramp up or completion of the plant is not proceeding on the timetable agreed with Barclays under the revised credit agreement) Barclays as Mortgagee will be entitled to ask for additional security or take possession of the plant to sell it to recover its loan." "In such circumstances investors could lose all their investment."

Furthermore it appears BFC may breach terms of some of their supply agreements ( unable to supply on time)??

For investors it appear rather bleak particularly if there are further problems with the plant? For what little it may be worth, Hopefully the above may help some understand the possible implications, sorry its not very positive..

** Toscafield, the investment vehicle belonging to former banking analyst Martin Hughes, is said to be considering putting forward a significant amount of money to take a bigger interest in Biofuels Corporation (BFC.L: Quote, Profile, Research). Dealers said Mr Hughes may be working with Mehmet Dalman, the former head of global equities at Commerzbank who last year set up a hedge fund Wealth Management Group.

http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-11-18T083010Z_01_L17555433_RTRIDST_0_FINANCIAL-CHATTER.XML

Some hope maybe..

Frampton ,if your around just a thought, ,,,, Is the plant ready to start producing soon ??,we are assuming there is a problem , if Toscafield are willing to pump money in maybe the plant works and the huge debt is the issue ,,it's still bad ,but ALL may not yet be lost ...