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/

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....

The second lesson I learned - don't go to heavily into any one share how ever good you believe the prospects to be!

Have you been tempted to buy back in short term ??

No jimmy, I haven't got any spare cash, but even if I did, I still don't trust them! Maybe once the plant is finally finished they might be worth a long term punt, although I'm not happy about the amount of debt they've got. it's probably best if I don't bother - they'd only leave a bad taste in my mouth!

it is time to get back in now since the prospects are good as Bush gave the speech yesterday that we should look into alternative fuels

Buy MNE, real upside long term, tech with real solid established company's eg veritas wind turbines! have a look

More upside today...175p now

Rocketfuels. We've had lift off, looks like we are now cruising into the stratosphere.

I picked up a small few at 137p, rather please I did. Be nice if this settles down a tad though (I like up, dont get me wrong, but i would like to keep my profits this time)

Simon, Well done for buying back into them. I couldn't face it myself, you never know when they might drop a bomb shell and it goes all the way back down again!

That is my fear...

Hell of a ride though...