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/

Lets hope you were ,that looks dead and buried ..

Ah well, it's only money!

I didn't know you were in that too Frampton , if you are,, let's hope for a good outcome from BFC .

I had a small gamble on it - at least I was aware that was a gamble. I thought I had invested in BFC, how wrong can you be?

Funny i was looking at a shares mag from summer,, blue sky shares ,,BFC was 180 with a broker note as dirt cheap !! ,,i'm usually impatient ,but held on with these .

The good thing about holding BFC is it means I'm hardly noticing the loss on LGB - I stand to loose 8x more on this share.

- Rumour of the day: BIOFUELS (followers hear trading in the shares is set to resume shortly as discussions with BARCLAYS, which is tipped to provide a 70 mln stg facility, near conclusion)

Frampton ,,this was on the MoneyAm traders thread ,, also i read the same last night over on the other side ...

Just found this as well..


as The Times December 02, 2005

Rumour of the day



Followers of Biofuels, the biodiesel producer suspended last month at 145p pending refinancing talks, hear trading in the shares is set to resume shortly as discussions with Barclays, which is tipped to provide a 70 million facility, near conclusion. The fact that Biofuels has avoided issuing fresh equity could trigger a short squeeze among bears, who will be forced to buy stock to cover their positions.

http://business.timesonline.co.uk/article/0,,8211-1900239,00.html

Or
Today's Independent

Finally, Biofuels was said to be about to return from suspensions after securing new funding. The biodiesel group is believe to have won the backing of Royal Bank of Scotland and it may see its shares re-listed as soon as today, according to market whispers.

Last month, Biofuels was suspended at 145.5p as the company went away to try and win fresh cash. At the time it warned that the future viability of the company was dependent on it being successful.

http://news.independent.co.uk/business/analysis_and_features/article330711.ece

Thanks for the info Jimmy, I hope if it is going to relist shortly this means the rumour that it won't be working 'till spring is rubbish, otherwise it's gonna tank!

Better than bankrupt Frampton ..

Absolutely, it will be a huge relief to see it relisted, now I'm just worried at what price. A bear squeeze would be very good news, we can always dream....

Royal bank of Scotland ,interesting to see what will happen ,,that's another twist i was'nt expecting .

started trading

What's your take on the price ,,are you holding or getting out ??

watching , no news yet

The scale of cost overruns and especially the "hedge" (I think "gamble" is a better word) that went wrong is incredible. The company goes forward with a race against time to swing into full production by 28 Feb 2006 (little more than 2 working months allowing for Christmas) and a huge debt of 100M?? round its neck for years to come.

For those relieved to have seen the shares re-listed and holding a very overweight position, I'm pretty amazed you haven't let go of these like a very hot potato!

Good luck but I can't see these doing anything but drop in price (IMHO only).

Edit. 116p when I started this piece. 105p when I finished it.

This is a good example of what can happen when any company gets too dependent on its lender. Glad I hold BARC rather than BFC.

I got out just after my last post , just happy they wer'nt bust ,i'm putting it down to a bad day at the office , i'd rather invest the money elsewhere .
Frampton let me know what you do >>

Yep me too, got out at 107, really cant see this going anywhere but down in the short term

jimmy
Take a look at cct, the seller of this years top toy, (the dalek)