Member Info for Moreforus

over 1 million in buys someone exploiting the drop

Tadtech - 10 Oct'11 - 13:28 - 3418 of 3419 I have received a reply from the company today related to PR. It is their intention to step this up. They intend to issue a monthly update via their website from November as an interim measure until they appoint a suitable investor relations company based in the UK. This will be very useful in my view and should eliminate the news blackout that has occurred for most of this year. Things are moving along nicely in my view, it's a step by step process which is gathering momentum as time progresses.

doris not in sight leedskier - 7 Oct'11 - 15:34 - 3404 of 3404 It is a new picture of the gantry that carries the pipe to the port.

a nice picture of a pipe ..doesnt open when i click on it..lets hope we get a nice boom rns when the announce it going live..if it has not done so already...

and through a nice big fat pipe....soon

06:46 The Philippine Stock Exchange SpikeyDT Might see a bid here soon !! PSE suspends trading of Ongpin-led firm http://www.abs-cbnnews.com/business/10/07/11/pse-suspends-trading-ongpin-led-firm abs-cbnNEWS.com Posted at 10/07/2011 1:35 PM | Updated as of 10/07/2011 1:35 PM MANILA, Philippines - The Philippine Stock Exchange on Friday suspended the trading of Atok-Big Wedge Co. Inc., a firm led by former trade minister Roberto Ongpin. The trading suspension comes after Atok reported its P663.8 million acquisition of Hong Kong-based Tidemark Holdings Inc., which has investments in Forum Energy PLC. In a circular issued to trading participants, the PSE said trading of Atok's shares will be suspended pending the company's submission of the terms and conditions of the transaction, as well as details and latest audited financial statements of Tidemark Holdings. Atok said the acquisition of 100 percent stake in Tidemark resulted in the company's indirect ownership of 25.92 percent in Forum Energy, an oil and gas company with a portfolio of projects in the Philippines. Forum Energy has 70 percent of the equity in Service Contract No. 72 in which the Sampaguita offshore gas discovery in situated. The block is located off the North West coast of Palawan Island in the Philippines. Atok said it used the company's existing cash to acquire Tidemark. Shares of Atok closed at P25.70 on Thursday. A group of investors led by Ongpin bought Atok, a mining company, in 2009. 08:15 Takeover price £1.20 ish AIRTRADE Looks like they payed around 1.20 per share for their 25% stake. The market makers here are not allowing us to buy more than 3750 but will allow you to sell 5 times that. Expect news very soon I guess

no its still 3-3.25p....

a rise of 19.1% and number on the list of the risers and only me and you care!!

just moving back on radar... i think lots of people simply are out of the market entirely however the pipelline is going to give the company multiple benefits..so much so they so they see it as a new phase for the company "by the end of the October 2011, Zurex will be in a position to enter a new phase with further options made available." so "things" can only get better for BIP....and quite soon...its a growth story!

this is a biggie for several reasons.. 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.

this has been the worst time in aim.. i dont believe the company has done anything to justify the sell off this year..its the general market - all the debt madness, libya, nuclear japanese accidents....snowballed into an utter loss of confidence by pi's in investing... hopefully yesterday was the bottom... people will buy on blue days and maybe dump higher up ..but again imho market cap vs the cash they can generate over the coming years is far off - of course the pipe line will help...but like all stocks we are now i hope in nervous fragile recovery mode...

oversold and some small recovery across aim ..and as you and i may have pointed out relative to the news and silly things like market cap and ramping up of production...and remember the new pipeline coming on line this month ...it's probably cheap.....very cheap! there's also this pilot48 - 6 Oct'11 - 23:47 - 3377 of 3379 http://www.theborneopost.com/2011/10/06/budget-2012-tax-revise-likely-for-oil-palm-sector/ Budget announcement on Friday... KUCHING: The tax structure within the oil palm industry is expected to be revised for the upcoming Budget 2012 announce­ment as efforts to further develop the sector intensifies. In an email response to The Borneo Post, MIDF Research Sdn Bhd’s (MIDF Research) planta­tion analyst, Jasmaliha Jaafar opined that the cost of production was expected to be increased by RM150 per metric tonne (pmt) to RM200pmt. This was premised on the prices of palm oil seeds that went up by 30 per cent, fertiliser cost that had swelled from RM80pmt to RM100pmt, and labour costs that had increased by RM50pmt to RM60pmt. “Therefore, in order to help the local planters, we are expecting the government to revise the tax struc­ture especially the windfall tax as this sector has been heavily-taxed in the form of taxes, cess, levy and export duty,” she said. Additionally, tax rebate along with added incentives would most likely be addressed in tomorrow’s budget. “In order to compete with the lower export tax for refined palm oil products from Indonesia, the government should consider giv­ing tax rebates for refined palm oil products imported from Malaysia or revise downwards the crude palm oil (CPO) export tax struc­ture,” she pointed out.

yes but its aimeggedon ... there should be a brokers report in the next quarter...the price does not reflect in any way the report i;ve just re read again.. CASH Cash as at 30 June 2011 was GBP5,450,000 compared to GBP5,183,000 at 30 June 2010. During the half-year, the Group drew down GBP1,338,000 of new term loans under a facility with Bank Kerjasama Rakyat Malaysia Bhd (2010 - GBP1,725,000). MAIDEN REVENUE The Group generated maiden revenues of GBP38,000 from toll processing of 1,888 metric tonnes of crude palm oil. LOWER LOSS The loss for the six month period ended 30 June 2011 was GBP245,000, compared to GBP445,000 for the same period in 2010. NET ASSET VALUE Net assets 34,175 Market cap 5,000 trading at an 85% discount to NAV NEW PIPELINE 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. ie lower costs and increase sales and enable "forward planning" ie timing the supply chain as efficiently as possible.

200k sell on plus at 2.5p hence the drop

early next year is fine to make decent profits....the fact is there are profits expected and a ramp up is expected .....along with the pipeline etc etc..they also have 500k gbp of their own oil still to sell...

quite a lot of aim shares are very far down without any relation to improving fundies forward p/e of 2.5 on 2 mill profit per year currently ..thats 50% capacity at 20 gbp tonne profit on 200k tonnes... at the moment few shares make sense however what would you rather own companies where the fundamentals are improving and the risk is going down which due to the general market madness trading at a low that would never be allowed during normal market times....

yes agree..production is being ramped and will improve further full capacity is 200k and if they can do 20 gbp a tonne profit...

madmick - 29 Sep'11 - 11:27 - 3263 of 3265 So they are making £20 a ton profit The Group generated maiden revenues of GBP38,000 from toll processing of 1,888 metric tonnes of crude palm oil. moreforus - 29 Sep'11 - 11:29 - 3264 of 3265 edit 200,000 times 20 quid =....

Half Yearly Report for 6 months ended 30 June 2011 print TIDMBIP RNS Number : 1868P Biofutures International plc 29 September 2011 29 September 2011 Biofutures International plc ("Biofutures" or the "Group") Half Yearly Results for the six months ended 30 June 2011 The Board of Biofutures announces the unaudited interim results of the Company for the period from 1 January 2011 to 30 June 2011. A copy of these financial statements will also be available on the Company's website www.biofuturesplc.com. For further information, please contact: Biofutures International Tel: + 603 6203 5136 plc Joe Wong, Chief Executive Officer www.biofuturesplc.com Daniel Stewart & Company Tel: + 44 (0) 20 7776 plc 6550 Nominated Adviser - Antony Legge/Oliver Rigby Broker - Colin Rowbury www.danielstewart.co.uk CHAIRMAN'S STATEMENT I am pleased to present our unaudited interim results for the six months ended 30 June 2011. This period marked the commencement of refining operations at the Zurex refinery after its commissioning at the end of 2010. The Group generated maiden revenues of GBP38,000 from toll processing of 1,888 metric tonnes of crude palm oil. The loss for the six month period ended 30 June 2011 was GBP245,000, compared to GBP445,000 for the same period in 2010. Cash as at 30 June 2011 was GBP5,450,000 compared to GBP5,183,000 at 30 June 2010. During the half-year, the Group drew down GBP1,338,000 of new term loans under a facility with Bank Kerjasama Rakyat Malaysia Bhd (2010 - GBP1,725,000). As announced to the market earlier in my statement in the 2010 Annual Report, we have taken a very cautious approach in our refining business given the backdrop of market forces. The balance is crucial as any mismatch on the timing between supply, production and sales can lead to unnecessary holding costs and cash flow interruptions due to price fluctuations in the intervening period. Over the period, Zurex processed 2,562 metric tonnes of crude palm oil, the majority of which was for tolling operations designed to minimize risks and to maximize cash flow. 674 tonnes of our own crude palm oil was processed which has resulted in an increase in inventories to GBP447,000. We are continuing to expand our volume in tolling operations to optimize use of the refinery. 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

yep someone needed to leave in a hurry...