Bioenergy AF.(See LSE:SBLM) Share Discussion Threads

[andrbea] 19/11/2009 16:47

bal is now called sblm

[andrbea] 13/11/2009 09:13

With Edmonds leaving cfm he'll have more time for bal and agta I suppose

nia dyor

[andrbea] 13/10/2009 11:04

doing well since the news on Oct 6

BioEnergy Africa Plans Switch From Ethanol to Mining (Update1)
Share | Email | Print | A A A

By Thomas Biesheuvel

Oct. 6 (Bloomberg) -- BioEnergy Africa Ltd., a company chaired by former England cricketer Philippe Edmonds, plans to suspend investment in its Mozambique ethanol project and focus on mining exploration and development in sub-Saharan Africa.

The company plans to buy or invest in "early-stage" coal, platinum and uranium assets or businesses, London-based BioEnergy said in a statement today. BioEnergy plans to change its name to Sable Mining Africa Ltd.

Edmonds founded Central African Mining and Exploration Co., which he agreed last month to sell to Eurasian Natural Resources Corp. for 584 million pounds ($936 million).

BioEnergy was unchanged at 12 pence as of 8:56 a.m. on London's Alternative Investment Market. It has gained 71 percent this year, valuing the company at 39.9 million pounds.

[jackal2] 10/10/2009 18:44

i've taken all my profits from camec and dropped it into an offering in the states 100% stock and warrant deal in a company called 11 good energy they manufacture bio diesel, some serious interest in this company developing, set to hit $12 by the first qtr!! figures of $70 has also been mentioned..can give you the contact details if your interested..

[thebull3] 24/9/2009 11:49

Angel, not ramping, look at cfm, come back in 6 months, your regret not taking a punt, no need to ramp, you cant win in this game.. not everyone on these message boards are pump and dumpers, some just pass on their info, take it as you wish.

[angel of the north] 24/9/2009 11:36

Saw the ramp on another thread (sure sign)? looks like a pump and dump to me - no thanks.

[thebull3] 23/9/2009 12:43

max101, sometimes it worth taking risks or you miss the boat

[max101] 23/9/2009 12:38

uumm. not much in the way of info to look at here. all a little dark and shady for my taste

[thebull3] 23/9/2009 12:33

rumour has it edmunds and groves will change BAL to a mining company soon and start again after selling CFM to ENRC, seems very coincidental that BAL share price is starting to move at a time when the Camec takeover looks complete. Good time to get in before a deal gets done
dyor

[ceckyspunt] 22/9/2009 19:32

Next prelim announcement 30- Sep- 2009

[flojo] 27/8/2009 15:31

Take a look at INDY the same sort of company waiting to rocket.

[thebull3] 04/8/2009 19:38

i bet they sleep like babies with all their millions in the bank, good deals dont obviously come easy, sounds like these guys are well connected in Africa which should bode well for the company surely

[evaluate] 27/7/2009 20:26

Anybody else catch the Channel 4 programme on who is bankrolling Mugabe.

Looks like Phil Edmonds is implicated.

The guy appears to lie with fleas.

Disgusting if true - which I don't doubt.

How can they sleep at night?

[thebull3] 12/7/2009 18:13

volume seems to have risen over the past couple of weeks, maybe something happening here, rns soon maybe? any thoughts anyone?

[bethany3] 06/5/2009 01:07

Could not agree more - taking scarce agricultural land to grow certain crops in huge quantity using very few personnel but machinery in return for biofuels especially in Africa, is a very crass, short sighted and unsustainable method of attempting to alleviate the energy crises at the expense of land for food production which is vital to small scale farmers trying to make a livelihood.

[andrbea] 21/11/2008 09:03

some history:


In October 2007, ProCana Limitada, a Mozambique company, signed an investment agreement with the government of Mozambique for the development of sugarcane production, the largest ethanol plant in Africa, infrastructure, and an electricity plant in Massingir. ProCana's foreign partner is the Central African Mining and Exploration Company -- a London-based company who pledged an investment of $510 million for the project. But, in the months after the contract was signed, 94 percent of ProCana was bought out by a new company -- BioEnergy Africa, based in the British Virgin Islands.

Last month, BioEnergy Africa had an initial public offering on the London stock exchange, which earned more than $15 million. Despite the IPO, more than 70 percent of the company remains in private hands. According to public records on the company, the largest owner of BioEnergy Africa is CAMEC. It turns out that the only three staff listed on the BioEnergy Africa website also all work for CAMEC. Philippe Edmonds, a former English cricket star reportedly worth $45 million, started both companies and serves as their Chairman. CAMEC came under fire back in 2006 when it acquired $80 million worth of cobalt and copper mining assets in the Democratic Republic of Congo from Billy Rautenbach, who in return received up to a 20 percent share of CAMEC. It turns out Rautenbach is a fugitive from South Africa wanted on hundreds of charges including theft and fraud. When Rautenbach was deported from the Congo in 2007, CAMEC's stock price plummeted. It was just a few short months later that CAMEC entered into its contract with the Mozambique government for the Massingir ethanol project.

In the past in Africa it was diamonds and copper, then oil, and now biofuels. Edmonds and his counterparts have their sights on Mozambique and other countries in Africa suitable to grow ethanol. Working through a new company, Edmonds seems set to be on the front edge of an ethanol scramble. He is not alone, as corporations throughout the world are looking for biofuel production land in Brazil, Indonesia, and other parts of Africa. And while biofuels are presented in many ways -- an opportunity for small-scale farmers, a way for western countries to decrease their fossil fuel consumption, or a means for energy independence -- they really look just like any other corporate profit opportunity. Unfortunately, those who stand to profit from this development are not the small-scale farmers trying to make a livelihood in Mozambique, the average Westerners hoping for reduced gasoline costs, or the politicians seeking energy independence. Instead, like so many other profit ventures, only a few will find success in biofuels.

Let's be clear: I am not closing the door on biofuels entirely. I am intrigued by the potential for certain crops to be grown in a sustainable way that may actually offer environmental benefits, yet I question how this will impact land for food production and affect the developing world. Our energy needs are great and they demand our attention. But increasingly it seems that the "solutions" to our energy crisis are nothing more than the status quo dressed up differently. Biofuels are touted as an environmental option that can reduce greenhouse gas emissions; yet, research, especially on ethanol, shows this is not the case. They are discussed as a way for America to become "energy independent." But are we really "independent"? The U.S. imported more than 64 million gallons of ethanol just in the month of July. And let's not forget the small-scale farmers in the developing world who have been promised so much with so little returned.