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/

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 ..

I don't think it will get back to 140 soon. I can't understand why it hasn't plummeted further - surely most holders are just desperate to get something back. Who's mopping up all the sells?

Don't know ,but what about the debt ? even if this gets up and running ,i suppose if your prepared to hold long term ,,,but now this is a company that goes against my new rules of investing /trading , i'm sure i'll get caught again ,but hopefully not like this. Like you i am surprised it's not 40 or 50p..

This isn't a company I'm happy to hold long term now, I don't trust them at all, I'm just trying to think where the best exit route is in the short term - since I obviously missed the best one this morning, I don't think I have to rush into anything just yet. Anyhow, I have to keep telling myself, this is a much better deal than I was expecting - I can currently get back 61% of my money (though I still can't trade online) - last week I though all, or the majority was lost.

Your going up Frampton !!

Yes, provaricating is increasing my capital! By the way, I bet I lost more on champ invester than you today - I'll have a look later once I've sorted out my real portfollio!

Dam it i neglected that today, too much going on .

I just sold 3/4s of my holding for 97p. I'll have a think over the weekend what to do with the rest. I'm sure there will be more shorting next week as this still looks very risky so I'm not sure whether I'll hang on to any. Anyhow this has still made me very relieved to get anything back and I have a bottle of champagne chilling for later to celebrate (losing thousands, but not anywhere near as much as I thought last week).

Funny Frampton ,but that's just what i'm going to do , celebrate my loss,,usually i'd be pissed off ,but in the light of what could have happened ,i'll just get pissed..

Yeah, the champagne was meant for when production started, c'est la vie.

I agree...there will be more shorting next week...partly due to poor communications with its shareholders...initially management said production is in line with schedule...next it got suspended with no warning...now 90p...but i don't think BFC will have much confidence and support from its shareholders. 70p likely next week.

Not a holder - luckily sold out a month or so back when it hit a sort of stop loss at around 140p. (Also sold out of DOO - wish I'd been brave enough to get back into that at its recent low and taken a quick opportunistic profit!))

Reading between the lines and seeing the repayment date of the Bank borrowing - next year(!), BFC must be contemplating waiting till the plant is fully operational and then replacing their Bank borrowing with some serious equity fund-raising - so anticipate a big dilution at that point.

On that basis, I would be looking to get out at the top of the first bounce (whenever you think that is!) and getting into something with much less inherent risk.

All IMHO and good luck to all survivors.

sd

Others value the company differently... Bid approach.. Is it from an oil company?

Big spike up ,but for how long i wonder ? i'm not going there again,,i promised myself !! :-)
Good luck Frampton ,,i hope the few you kept go up and get some of your dosh back .

jimmy
Chicken.