Biofutures Share Discussion Threads

[leedskier] 22/3/2013 11:46

If you voted they should be ok.

add:

I worked out that with the promised votes referred to in the AD, plus yours and mine, they needed less than 1% more. Other users of the BB have voted and the large holding which changed hands earlier in the week between ii will now be voted in.

[rob67] 22/3/2013 11:40

Yes hopefully they have all the institutional investors on board too.

[leedskier] 22/3/2013 11:29

I assume you voted Rob.

Someone is happy to buy off the book at 6.75p.

[rob67] 22/3/2013 10:47

Is it me or are the MMs pushing the price up to 7p for Tuesday? Not that I mind of course!

[leedskier] 20/3/2013 14:14

In the Admission Document references to shale gas ...


The New Board believes that Graphene enhancement will drive higher margins for the Enlarged Group's speciality chemicals business. The Platinum Group has a contract to supply its Graphene-enhanced drilling fluids in July 2013 to Scomi Group, the fourth largest drilling fluids supplier globally. The New Board expects to launch a surfactant range of products in 2013, which when coupled with the Platinum Group's planned lightweight Graphene-enhanced proppant, are anticipated to achieve significant inroads into the rapidly growing shale exploration market.



The New Board has identified oilfield chemicals and engineering plastics as being two core areas where enhancement with Graphene offers the possibility of creating products which have the potential to become market leaders in the near to medium term. In particular, they believe that PlatDrill, for offshore drilling, and PlatQuat, especially when allied to the Group's planned Graphene-enhanced proppant, for the growing shale oil & gas exploration market, have the potential to deliver significant high-margin revenue streams.


Speciality oilfield chemicals are used to improve field operations and the output of drilling fluids, well stimulation, production chemicals, and enhanced oil recovery applications. High oil and gas prices due to rising demand and declining oil and gas reserves, have led to an upsurge in exploration development and drilling activities in offshore deep-water, as well as in highly challenging environments such as shale oil and gas and coal bed methane. As a result, the use of speciality oilfield chemicals is becoming increasingly prevalent. The industry's requirement to achieve greater oilfield efficiency and productivity, whilst minimising the impact on the environment, has resulted in demand for high performance biodegradable speciality chemicals that impart specific functionality for well drilling, completion and intervention services.

[leedskier] 20/3/2013 13:33

Osborne announces help for shale gas explorers/producers in the UK.


The new company is producing lubricants aimed at shale exploration / production.

PlatQuatTM is a graphene-enhanced vegetable oil-based viscoelastic surfactant recently developed by Platinum that meets both the environmental and functional demands for performance oilfield chemicals and is a direct biodegradable substitute for quaternary ammonium compounds used in various drilling and production fluid formulations including as corrosion inhibitors, sludge reducers and emulsion preventers. One key application of PlatQuatTM that is being explored by Platinum is as a direct substitute for guar gum, which has traditionally been used by the oil & gas industry as a viscoelastic additive to fracturing fluids. Demand for guar gum has increased significantly spurred by North American oilfield demand due to the growth in shale exploration, thus driving the price of guar gum upwards. Environmental regulations in shale drilling has also tightened in various jurisdictions worldwide. PlatQuatTM has the additional advantage of being cheaper and requires fewer additives to be used as compared to guar gum. Platinum expects to launch PlatQuatTM in the near term. Lubricants

[leedskier] 20/3/2013 13:06

Stamp duty abolished on AIM shares from April 2014.

[spindok] 19/3/2013 20:19

Sent e mail to say Hbos still have no information regarding the vote to company. Joe Wong replied very quickly so perhaps something will happen now.

[itchycrack] 19/3/2013 16:48

Been adding quite heavily over the last few days, that's me done for now :-)

[apenny24] 18/3/2013 17:06

Thank you kindly, will consider all options, only a week left to. Selling half sounds a good idea...

regards .

[madmick] 18/3/2013 16:43

MMs seem happy to take shares 436,000 sold and only 13,000 bought, and the price rises

[madmick] 18/3/2013 16:39

apenny24 If I am not sure what to do,I would sell half, then if it does go down you can buy them back, and if it goes up you have the rest making cash.

I have topped up since the re-listing as I believe they will have good med long term prospects. the new owners are also happy to be locked in at 7p

[leedskier] 18/3/2013 16:17

apenny24. it all depends on your time horizon. Mine are in a SIPP, so I have patience with them.

Now I had a lot of money invested over the last three years in three companies. This, EO. and NPE. All three have been taken over. All three at a premium to the price I paid.

Now when I sold EO. (it was an all cash deal) I invested more money here (my average is 5p) and in NPE. When NPE was taken over, I invested the money in a number of other oil companies, believing in spreading risk in current market conditions. With the exception of three of them, all have fallen in price. Not because they are bad companies, but because that is the market we in.

If you are going to sell because you think the share price will fall to 80p ... a fall of some 42%, clearly you will not be worried about taking a short term hit of 10%.

The problem you have is where to invest it, assuming you wish to reinvest it.

[apenny24] 18/3/2013 16:06

my buy in price is 7.2p, its sitting below that as it has since opening, i am stuck, as i was hoping it would go above 7p and allow me to sell as BIP because i feel that when consolidated it will be shorted and the price i believe will stay under the RTO price for some time sitting i would guess at around 70/80p....

Long term i see value, but not short term, if you were in my position would you sell my BIP shares with a 10% loss and be in control of my buy in price after consolidation? or leave them be and hope the market are impressed with the new company and share price and take the 20/1 for shares...

feel free to be honest, i just want your views.

thanks.

[leedskier] 18/3/2013 15:57

There is no argument. I make the point that I do not know what your case is.

add:

If your case is that on consolidation the shares are not worth £1.40, it means that Panmore Gordon have sold rather a lot of over-priced shares (23.2 million of them). I have not seen it, however I understand that there is in existence a detailed analysts report prepared by Panmure Gordon in conjunction with the share placing. Presumably someone did quite a lot research to prepare that report.

Are you suggesting that we should ignore the price at which those shares were placed and value the new company, when it comes into existence, at some lower value, which you have yet to particularise.

[bam bam rubble] 18/3/2013 15:41

Thankyou for the response however I shall decline your invitation to enter into a message board argument. As it happens I was already aware of the turnover figures (see post 348)

[leedskier] 18/3/2013 15:31

I am not sure what your case is now BBR. You were telling us earlier that they had no turnover. Now I show you they do, you say it is only with a handful of customers and because of B10.

A great number of companies world wide are directly or indirectly funded by Governments.

[bam bam rubble] 18/3/2013 15:24

They sell some biodiesel product to Chevron and Shell's Malaysian subsidiaries who receive incentives for buying locally produced biodiesel under the 'B5 scheme':

They only have a handful of customers (1 in 2009, 6 in 2010, less than 10 in 2011 and 2012). High revenue is mainly due to the high sale price per tonne of palm oil. On that subject its odd to see they record revenue for feedstock such as crude palm oil unless they opt to sell some back at the end of the year?

[leedskier] 18/3/2013 14:56

£16.3 million in sales in the eleven months to 30 November 2012 ... sales to, inter alia, ... Chevron and Shell.

[leedskier] 18/3/2013 14:53

Extracted from the AD ...


2. Platinum Group
The Platinum Group is a privately held global nanotechnology company whose business model is to design, formulate, manufacture and market a range of Graphene-enhanced speciality chemicals and advanced materials that demonstrate improved performance characteristics when compared to existing products within the chemicals and materials markets. It has a revenue-generating range of high quality chemical products derived from readily available low-cost wastes from the palm oil industry, alongside an active commercialisation strategy for niche opportunities within the global market for Graphene applications. Its existing portfolio and pipeline of products are based on two core nanotechnology platforms which are protected by a network of patent families, licences and specialist knowledge. The Group's strong and experienced management team has significant technical and business experience and a successful track record.

Graphene is an emerging class of nanomaterial with a wide range of intrinsic properties, from enhanced electrical and thermal conductivity to exceptional mechanical load bearing capacity and performance. This enables the creation of innovative products with the potential to revolutionise a range of industries, including fuels, lubricants, oilfield chemicals, composites, energy generation and storage, electronics and medical devices.

Since inception, the strategy of the Platinum Group has been to build an independent, high-margin, public company, based on proprietary and defensible intellectual property, through the supply of waste-based, high-performance cost-competitive products into global growth markets, with blue-chip international

17

customers and development partners. The Platinum Group selected Malaysia as its base primarily because of an abundant source of palm waste for feedstock, access to the mandated Malaysian biofuels market, government support for high-technology industries and sound economic prospects, both nationally and in the wider South East Asian region. Its planned next stage of development is to use its speciality chemicals business as a solid cash-generating foundation for the Enlarged Group, whilst aiming to maximise the opportunities presented by the Enlarged Group's ability to manufacture Graphene affordably at commercial scale. The New Board has no plans for the Platinum Group to become a volume supplier of Graphene to third parties. It will focus on the development of proprietary applications of Graphene in areas where it believes that it is possible to deploy Graphene-enhanced products in bulk, to provide solutions to pressing problems in large and high-value markets. The Enlarged Group's first Graphene-enhanced products are expected to enter the market in July 2013.

The Platinum Group transitioned from a research and development group focused on technology and product development to a commercial operating group in 2012. Operations are conducted from the Platinum Group's Platinum Nanotek Park located in Senawang, Malaysia which currently houses an 90 million litres per annum speciality chemicals plant and a 1,000 kg per annum Graphene plant. Despite working capital constraints, the Platinum Group's speciality chemicals business generated sales of approximately £16.3 million in the eleven months to 30 November 2012 through sales to, inter alia, blue chip multinational oil and gas companies, including Chevron and Shell.

[leedskier] 18/3/2013 14:00

What you do never mention BBR, is that the proposed CEO and Chief Financial Officer of the new company created and brought to the market PURE in December 2007 with a market capital of £221m. Today ... £418m. If they have done it once, what makes you think they cannot do it a second time?

NB. The company raised £24.3m in the market on that occasion.



RNS Number:6192J
Purecircle Limited
11 December 2007


PureCircle Limited
("PureCircle" or the "Company")


First Day of Dealings


PureCircle, which develops and manufactures natural food ingredients for the
global food and beverage industry, is pleased to announce that the Company's
shares have today been admitted to trading on AIM under the ticker symbol
"PURE".


The Company has raised US$50m (approximately £24.3m) through the issue of
14,285,714 ordinary shares to institutional and other investors at a price of
US$3.50 per share (170 pence per share). The funds raised will be used primarily
to fund the expansion of PureCircle's production capacity. At the Placing Price,
the Company's entire issued share capital is valued at approximately US$456m
(£221.5m).

[leedskier] 18/3/2013 13:50

This was your post on the previous BIP BB.

BIP REFINING PALM OIL IN MALAYSIA - BIP
BAM BAM Rubble - 10 Dec 2012 - 21:54:36 - 4936 of 5088
Biofutures plc posted a net loss of -$2.333m in 2011, with revenues of around $1m

PlatinumEnergy posted a net loss of -$1.733m in 2011 with 5-month revenue of $50k

The above figure is from the Companies Commission of Malaysia

[leedskier] 18/3/2013 13:42

BBR, I do not know what your life experiences are. Whether you have for example any professional qualifications or past experience at the top of a large organisation, but your approach to shares, which I read on various BB, is always the same. ALWAYS.

Are there any companies you are actually invested in today?

[bam bam rubble] 18/3/2013 13:35

Considering the palm biodiesel plant was an acquired asset the capital costs likely weren't significant. The admission doc shows much of the fundraising has been for working capital to support trading losses;

2009 - 2012: aggregate net loss of -£18.4m (-$30m)