Member Info for Moreforus

am i the last BIPPER standing?

Monthly Update - October 2011 Biofutures International recently announced the award of a contract to Da Yuen Engineering and Construction to supply and fit 4 kilometres of 250mm diameter seamless pipes fitted onto the POIC gantries linking the Zurex Refinery to the POIC Jetty. This will entail a pipeline from the Jetty to transport crude palm oil to the Refinery and two returning pipelines which will be to transport RBD Palm Oil and Palm Fatty Acid Distillate (PFAD) to the Jetty. The pipelines when completed in January 2012 will enable Zurex to buy barged-in CPO from regional suppliers and to sell both RBD Palm Oil and PFAD internationally to mitigate possible unfavourable local pricing and supply factors, hence, optimizing the refinery’s capacity.

http://www.biofuturesplc.com/Monthly_Review

20% up and more to come sounds a bit of a ramptastic talk to me....(-; any idea if their share of the contract?

TDW have max of 25k on offer at 3.199p

RTO shell expect a resource asset purchase well of peoples radar and rns has been ignored.... TDW are not selling any online which is strange if there is a placing

red to blue so news was not the badly received looks like we have a buyer imho

4 to 4.25p.... misleading and this news was not sold ....the delay is from POIC and not BIP...we now have clarity re the pipeline and BIP's part (the 4km pipeline) is now underway...

buyers?? from the results Directors also wish to point out that the traditional norms and practices in the property and banking sectors in Ukraine were disrupted as a result of the global financial crisis and attendant economic downturn in Ukraine. The after effects of that crisis made banks much more cautious and demanding in offering credit facilities. The current sovereign debt crisis in Europe has again raised concerns among Ukrainian banks in connection with their lending strategies and practices generally, and especially to the property sector where valuations deteriorated dramatically. While the Company receives assistance and support from banks on a formal and informal basis, Directors and management are aware that there are instances when normal credit approval processes are not operating consistently or with certainty. In addition, Directors and management note the uncertainty of valuations in the Company's property portfolio, since these may be significantly affected by the current and future economic and political environments. now with the eurozone rescue announced overnight the risk of the above is lower

they had delays before on commissioning the plant...note no real sale volume...and only 1 mm dropped before the news on a 22k sale at 4.1p...

2 month delay Pipeline Installation & Connection Contract Update print TIDMBIP RNS Number : 9418Q Biofutures International plc 27 October 2011 Biofutures International plc ("Biofutures" or the "Company") Update on Pipeline Installation and Connection Contract 27 October 2011 Biofutures is pleased to announce that its wholly owned subsidiary, Zurex Corporation Sdn. Bhd., has today entered into a contract valued at RM1.1m (approximately GBP0.23m) with Da Yuen Engineering and Construction for the supply and installation of 4km of pipeline that will connect its refinery with the pipeline-interchange system of the Palm Oil Industrial Cluster (POIC), as mentioned in the Chairman's statement of the 29 September 2011. The completion of the connecting pipeline is beneficial to Zurex as it serves two major purposes. First, it will allow Zurex to ship in crude palm oil in sufficient quantities at more favourable prices from around East Malaysia and Indonesia as compared to the local purchases of crude palm oil supplied by tankers. Second, it will allow Zurex to tap a greater marketplace as compared to the local market in the immediate vicinity of the refinery. Direct sales to overseas markets will provide certainty both in terms of sales and pricing and allow forward planning on the purchase of feedstock, production schedules and use of the refinery. The original expectation, as set out in the Interim Results statement, was that the interchange system and pipeline would be operational at the end of October 2011. However, POIC have now indicated that the interchange will not be ready until the end of December 2011. As a consequence, the installation of the pipes from the Zurex Refinery to POIC's gantries and infrastructure is expected to be completed by mid January 2012. Enquiries: Biofutures International plc Tel: + 603 6203 5136 Joe Wong, Chief Executive Officer www.biofuturesplc.com Daniel Stewart & Company plc Tel: + 44 (0) 20 7776 6550 Antony Legge / Oliver Rigby (Nomad) Colin Rowbury (Broker) www.danielstewart.co.uk This information is provided by RNS The company news service from the London Stock Exchange

i never lost the faith - BIP has done nothing but deliver - the fall has been entirely down to aim uk investors selling to get cash as the rest of the market dramatically retreated... the large volume this week and nice tick up (but a long way still to go to get back to fair value...market cap 6 mill gbp vs cost of building the plant of 8 mill gbp...got to be wortgh 12-16 mill gbp min just for the plant given it has all licenses, infrastructure and took 2 years to build and more to plan...)..etc etc however that volume imho means something positive is happening for BIP (maybe the pipeline) and palm oil generally (the tax story as per below...Indonesia and Malaysia are going to agree a ...mutually beneficial regime)... now the euromuppets have got their act together maybe aim buyers will return and we get the dramatic upmove we deserve...8-10p imho before any news imho- we were there BEFORE the plant was commissioned!

leedskier - 26 Oct'11 - 19:19 - 3549 of 3550 Is this the reason for the interest over the last two days? http://www.themalaysianinsider.com/business/article/indonesia-malaysia-to-review-crude-palm-oil-export-taxes/ Indonesia, Malaysia to review crude palm oil export taxes October 21, 2011 KUALA LUMPUR, Oct 21 — Indonesia and Malaysia have agreed to review their respective crude palm oil export taxes for the mutual benefit of the top two producers of vegetable oil, Malaysian government and industry sources told Reuters today. The decision was made on the sidelines of a bilateral meeting yesterday between Malaysian Prime Minister Datuk Seri Najib Razak and Indonesian President Susilo Bambang Yudhoyono on the Indonesian island of Lombok. “This is a preliminary step. Both countries will review their respective tax structures and come up with a solution that will benefit one another,” said a Malaysian government official with knowledge of the matter. “Now the respective ministries that look at the palm oil tax issue will have to sit down and work out the details,” added the source, who declined to be identified as he is not authorised to speak to the media due to the sensitivity of the issue. Malaysia imposes a very high crude palm oil export tax to protect its refining industry — the largest in the world — but this mechanism has gone awry after Indonesia changed its own tax structure to jump start idle processors. With Jakarta slashing refined palm oil export duties and raising the tariffs for the crude grade to keep more of it in the country for processing, Malaysia gets limited imports from Indonesia to shore up its lower raw material output. Malaysia now has to deal with higher domestic crude palm oil prices, inflated due to the prohibitive export taxes it imposes on the grade and limited estate expansion. A Malaysian industry source said one of the options Kuala Lumpur was exploring included reducing its extremely high crude palm oil export tax to be on par with Indonesia’s, making local crude palm oil cheaper to process. Indonesia set its crude palm oil export tax at 15 per cent in November. “The high export tax for crude palm oil in Malaysia inflates the local prices and makes it even more expensive for refiners after what Indonesia did to its export tax structure,” said the Malaysian industry source. “Of course, any changes in the crude palm oil export tax should be done in tandem with Indonesia so small farmers in both countries will still benefit,” the source added. Jakarta is also under pressure from its planters and smallholders who say the recent tax change forces them to pay more to ship the crude grade overseas compared to the refined palm oil. Indonesian industry officials say with the rejigged export taxes, small farmers now have little incentive to replant and maintain their estates and the higher export tax for cr

as i typed it ticked up someone is keen to buy in sub 50k clips...

we have a regular buyer....

The award for the understatement of the day... Dow is down 150 and we are up 36%!!!

it was gake 1 buy 5,200 buy and 2 mms move up the bid to 4p NSMM is on 3.75 i reckon buy orders are being worked

i have no idea what you are talking about...!! MW and CP??

as of the 29th of September they said... end of October With the completion of the planned infrastructure by POIC of the connecting pipe line to the jetty from our refinery site expected to be completed by the end of the October 2011, Zurex will be in a position to enter a new phase with further options made available. The completion of the connecting pipeline is crucial to Zurex as it serves two major purposes. First, it will allow Zurex to ship in crude palm oil in sufficient quantities at more favourable prices from around East Malaysia and Indonesia as compared to the local purchases of crude palm oil supplied by tankers. Second, it will allow Zurex to tap a greater marketplace as compared to the local market in the immediate vicinity of the refinery. Direct sales to overseas markets will provide certainty both in terms of sales and pricing and allow forward planning on the purchase of feedstock, production schedules and use of the refinery.

8 vs 8.... mms on the defensive but want 4.35p for stock