Biofuels Corporation Charts

Sparky

The glycerine plant has nothing to do with refined or unrefined feedstock. However they were pretty stupid to spend £12m or so on it when they with their plant would have doubled the UK supply of glycerine if the plant had worked with obvious downward pressure on glycerine prices. The glycerine is a post diesel production process whereas the pre processing of feedstock to remove excess fatty acids is a pre process requirement

The FW managment didn't know that they had to pre treat feedstocks before processing and had to add on additional kit to pre treat prior to processing at extra expense

Now they are pre processing feedstock to make diesel at a gross loss why is a mystery. If the plant now does work in some way shape or form which I very much doubt they should shut it down because they are losing money with every litre they produce

Meanwhile over at DOO it was reported at the EGM yesterday that they placed a major Soya feedstock contract at the begining of the year at very favourable prices

BFC still need to raise £10m by their own admission and it will not be a penny above 20P IMHO if they can find anyone stupid enough

Agan compare this with DOO which just raised moreor less 100% of its market capital at virtually no discount to the SP

Not trying to ramp DOO or deramp BFC good luck to all you gamblers hope it works out for you


I still don't see the two companies as competitors just comparing and contrasting the managment styles and decision making