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/

Rocket Fuels

Can any of you folks tell me what has fuelled the near doubling of the share price from a low of 77.5p mid December to its current 130+p price level?

The only news that I've gleaned from Squaregain is that a resolution has been passed to increase borrowing, and two directors have bought some 24,000 shares at 102.5p

Where else can I find out more about what is happening at the company?

Thanks in anticipation,

LL

Well don't expect anything from the company ,George Bush is more likely to get a phone call from Osama Bin Laden ,than pi's are to get an update ,,i'm out and never to return .. Cheers JB..

LL,
I think about 6 directors have bought shares this month, though none of them have spent a huge amount. It looks to me like the same thing that has happened to BFC over and over again - the share price moves before news is announced - it is obviously a very leaky company - but as Jimmy says, don't hold your breath waiting for the company to tell you anything.

Still a game of Roulette Frampton , Black you win ,Red you lose the lot ....

I think the renewable energy sector is a sector to get into in 2006. BFC still look cheap at 138p.

Looks cheap if they get the plant running ,otherwise it will look bloody expensive.

hlyeo98, it doesn't look cheap if the company go into administration in February, as Jimmy says, it's a game of roulette at the moment. I wouldn't buy until the plant is up and running - even then I doubt I would as I don't trust the management - they have treated shareholders very badly.

The 6 directors are buying into the shares...might be a good indication the plant would be up and running in february.

I was once a huge bull on this share. But since the awful loans they have negotiated with Barclays and the fact that they can't ever seem to get that factory finished, I have turned into a huge bear on this one. LIBOR+7%! I don't think their profits will ever be more than that!

This Co. now belongs to Barclays!

The directors buying was not great, but you wouldnt throw money after bad if you thought the plant would not open....

Still going great guns at the minute though, was that there final word on the opening??? February??

Quite close is that

BFC has an article in the Shares Magazine this week. Positive article.

Hlyeo98,
It refers to the directors buys being a good sign and further orders leading to higher profits this year. Unfortunately it forgets to mention that there wont be any profits for the current owners if the plant isn't finished by the end of february - it will all go to Barclays as tallsiii says.
Directors buying would suggest the plant may be completed by the deadline, but none of them have commited huge sums of money have they?
I hope for whoever still holds, this company does succeed, but personally I think it is a share that is best avoided for the time being until the picture becomes clearer.

Hlyeo98,
Not so positive in Shares this week -

"Biofuels shares have recovered strongly in the last fortnight but remember, the company is still effectively broke and dependent on its bank loans to stay afloat."

This is something that should be remembered when thinking these shares look cheap at 138p. They will seem cheap if the plant comes on line in february, but if it doesn't.....

Rocketfuels and we have LIFT OFF.

Well done to all who held on. This company is not out of the woods yet, but it is now looking more and more likely it won't end up the property of Barclays. It's good to see the managment keeping investors properly informed at last - shame they didn't do it more often last year.

Framton exactly , if they had kept us informed i would have held after suspension ,i hate to admit it but i'm pissed at this one.. A valuable lesson learned though..

Looks like black you win.

Excellent news! ...time to get into BFC now.


UK smallcap opening - Biofuels up on confirmation that timetable is on track
AFX


LONDON (AFX) - Biofuels Corporation climbed 8-1/2 pence to 134 following confirmation that the timetable set out in Dec 2005 for the commencement of production of biodiesel by the end of February 2006 remains on track.

Biofuels confirmed that the commodity, foreign exchange and interest rate hedges referred to in the Dec 2 2005 announcement have been closed at the facility limit of 37.9 mln.

This means that the total facilities available to the company are 92.9 mln stg, all on an on-demand basis and sufficient to see the company through to full production.

Hi Jimmy,
I'm pretty p*ssed off about it myself, if I'd have held i'd be in profit now instead of having a huge loss, and if I'd added I could be on a big profit, but I'm not sure I could have taken the stress and worry for two months. We did what seemed appropriate at the time - it could have gone the other way and shareholders would be left with nothing, that was always a real possibility, don't forget that. If they'd have kept us properly informed right from the start, things might have been different, and the share price might not have been so volatile.
The lesson I've learned is don't hold shares in companys where you are not happy with the management - if I'd sold the moment I started distrusting them, I would have got out with a sizeable profit. Instead I kept thinking how could they possibly balls up something that was a sure fire winner, even if I don't trust them.
You live and learn....