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/

This news could be out soon:
http://www.biofuelscorp.com/press/71006announce.pdf

I believe things have changed significantly since that announcement. Is it relevant any more?

Dunno, but awfully risky to assume the best with this outfit.

a short time will tell ..... if i was so damn clever i would make an infailing fortune! .....as it is, am not sure if my position is right or wrong ....

Master .... that big trade of 825k could very easily have been a bear position being closed rther than a new long

Don't be nervous, cynic...people will be rushing out of BFC tomorrow

all moving as i would wish at the moment

Down 7% now

Down 10.5% now

Not doing doo any harm though, surely a better takeover target , bfc seems to be in the pocket of Barclay's via all its debt

indeed, which may well explain DOO's rush of blood today

Sorry, but not even DOO is the animal it was a couple of years back. ;-)))

cynic - you still short? Nice going if you are.

yes i am ..... but sure did not have the balls to increase that exposure when sp hit 49 ...... am now near enough back to break even

Thought you'd got in higher. Oh well ...... is life. ;-)

thought about it, but didn't ..... still, if i/we are proven right that BFC is for the chopping block, then i shall not complain

0p is a good price. ;-)))) I've no position.

100K MM Buy just gone through, could get interesting this afternoon :-)

a lot of buying is almost certainly forced closure of short positions to cover losses and margins elsewhere

Biofuels Corp are now well in to the re-processing project of previously off-spec materials. It was confirmed on friday that new raw feedstock import shipments have been fixed, this would indicate that the plant will soon be up to full speed and turning out the intended on-spec methylester (biofuel).

Lucrative contracts have also been discussed regarding supply / sale of pharmaceutical grade glycerine (a bi-product produced in the process)

Given the recent positive events at the plant on Teesside it looks like the worst is now over and the future looks bright, at the current price of 27.5p I would consider this a strong buy, the price has previously been over 3.00 per share. Also another reassuring thought is that with the UK government being so highly criticised on their bio-fuel take up, there is little to no chance of them allowing Biofuels Corp to go bust, not when the UK are campaigning for the world to be greener.

CMP - government intervention to stop BFC goung belly up? ...... totally laughable for a zillion reasons! ..... if BFC go bust (looking very likely) it will be because the bank has got fed up supporting them with no (immediate) prospect of a turn-around.

Government support a company with a mkt cap of 13m?

Don't think so!!