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/

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)

Looking through the announcement one can't help but think that the Company has been shafted by Barclays and will continue to be shafted by Barclays for the forseeable future.
It's a scandal.

How much does the asset worth?
The bank didn't have to invest more. It seems the market cap is around 30M now, too cheap IMO.

I feel sorry for the holders of this company. The best think for the holders is to cut your losses now. It looks like more drops to come. I have never witnessed an 100k mm buy follwed by further drop.

S**t! What a time to be out most of the day. Only just got in Jimmy, not sure what to do now, well done if you got out above a pound. At least we didn't loose everything which is what I was expecting.

Frampton ,fancy going out !! today was the day, ,
i stopped out 2 spread bets and a CFD at various prices ,but well over the pound ,, i had a feeling we would'nt go bankrupt , although that was a tense couple of weeks ..Lost a lot ,but learned a valuable lesson and thank god it didn't nearly clean me out ,i played this one badly .
What are you going to do ??

Still not sure Jimmy. I switched the computer off at 9.30 - typical. If I'd been around at the opening I'd have sold straight away. I currently can't sell on line anyway. Not happy with the company - obviously (!) but there has to be a point where it seems cheap - has the lowest price been hit already. I'm currently 41% down, feel I should cut and run, but is it at the bottom already?

It has bounced slightly , so who knows it may depend on what deal they have done , do i think it will bounce back to the 140's soon ,,no i don't,, but other than that i don't know ,,,,i sold out because i think i can make money elsewhere ..