Member Info for adamk87

3 mm’s now sat on 1.3 on bid...actual bid price is 1.425 for 200k shares. Only one left one 1.6p

Cant believe how little volume has lifted this, will be the same up to 3p as current bombed out SP is due a rerate given Wednesdays blockbuster news. Sit tight. GL

Buyers will return and when they do this will bag in a day, mm’s took a grand or two to lift ask from 1.15 to 1.50 - its ridiculous what little they have available.

Only reason for price hanging here is in the desperate hope they get some sellers. Strong buy and hold. GL

NT to buy any volume, this is ready to take off. Grossly undervalued and limited shares available is always a recipe for success. GL

25p will arrive, how long its going to take im not sure but it will arrive. Were not dealing with mickey mouse contracts here, material customers have signed multi million pound contracts over multiple years - and with the current pipeline of opportunities being the strongest in the companies history imagine what we’re dealing with.

These things take time and last year contracts were signed up towards the end of the year Q4 (which we approach in a weeks time) so let the board do what they have to and sit back and wait. In a few months time others will look back and wish they’d bought more at 6p levels.

***Towards the end of the year, several of the Group's material customers renewed their contracts with IDE, some on a multi-year basis, and at the time of writing, the pipeline of opportunities across the business both with existing and new customers and partners is the strongest it has been since my involvement.***

In Feb and March they were selling down hard, probably 35-40m in them months alone, then on average between 5-10m every month since. I dont imagine them holding more than 25-30m at most now.

It is weird how on their other aim holdings they got out as quickly as possible at any price they could yet here its been slow and steady. Lets see. GL

Gafferk upside of the SP can be anywhere, contracts, newsflow and buying will determine this.

Flip it over and think worst case. So we’re fully funded until mid next year, we have material customers who renewed on multi year basis end of 2018 which brings in a turn over of 40+m a year, massive cost reductions recently (7.5m in staff restructure and 3m via a contract costing us money).

5p was the absolute bottom with 6p looking ever more likely to take its place. Little buying (as seen on i think Monday) will have this rocket 100% in an hour due to small free float, and with very little down side from here its a case of adding and holding at these prices and waiting for the rns that catches traders out.

Dont forget the goal for mxcp (our major sh’s) is to flog this company eventually, with their shares at around 25p you can be certain they’l want more than that.

So in a nutshell, not much downside - plenty of upside. Strong buy and hold.

Bounced hard off 1p with minimal buys. Looks like a new bottom was reached. If monday’s session starts with buying pressure this will move north very very quickly.

Similarities with IDE are startling, bombed out SP, very little free float (20% here compared to 10% at ide), small buys lifting the SP. That went from 1p to 4p back to 3p and then to 7p with a couple posters admitting they sold at 3p and had to pay 5p to buy back in - these bombed out shares move so quick its not worth risking trading at near all time lows as it bounces off very hard and will move very fast, especially given the material news received on Wednesday.

GL all

Chartman pay no attention to them sites, they work on algorithms based on who posts where..take investinvalue, he wasnt ramping yesterday but the opposite on the naked eye.

When you dig deeper though you realise he was indirectly ramping admitting wanting to buy back in alongside other posters, that i dont blame him for given recent milestone achieved by company and more orders and news expected.

With over 80% of shares owned by institutions (mainly KLK and its backers) and sp near all time lows with very little stock available and just look at fridays price action to see how fast it moves, i wouldn’t want to be out hence taking a position to begin with and adding along the way (whether it dips or rises) as current market cap of 4 million in no way represents potential of the company (again more so given recent developments).

Always after a massive spike mm’s take shares down flushing out weak holders and rainbow chasers, knowing they will get more money as they raise the ask when they take this back up. The initial dip after the rise is always expected, but you can be sure over the coming weeks and months this will rerate massively and i have a first target of 5p, with the most likely scenario a takeover from KLK happening.

NAV is 1.65p based solely on our cash available and that owed.

The NAV may be 1.65p but i think earnings over the next couple of years will drive the sp. a previous poster stated 600 usd per MA if we assume this is true and production doesnt increase from current revenue will be 600*4000*12=29m usd/annum or 23m sterling. If 10% is profit and a conservative PE ratio is 10, £23m is a realistic market cap giving a sp around 7p.

If we include our long term receivable of $6,141,000 too then add another 5m so 23m + 5 = 28m so just over circa 8 pence a share.

Another great thing we have enough cash to last a long while for admin expenses until imo mid next year with no real debt.

We are now at a stage whereby we would be selling our oil palm products in bulk and what we are producing ourselves in bulk.

All research done in the past by others and remains true.

Really is a monster in the making, with a takeover by KLK the most likely scenario.

Subscription to raise GBP7.69 million

Equatorial Palm Oil plc (AIM: PAL), the AIM listed and Liberia focussed sustainable palm oil developer, is pleased to announce that, further to its announcement on 7 November 2013, it has raised, in aggregate, GBP7.69 million (before expenses) by way of a subscription for 153,817,648 new ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") by KL - Kepong International Ltd., a wholly owned subsidiary of Kuala Lumpur Kepong Berhad ("KLK"), at a price of 5p per share (the "Subscription").

- above company own 62% of shared capital and offered to buy the remaining at circa 5p, this was rejected as the board felt it doesnt reflect future potential of the asset.

If your aware of who the liabilities fall on then you know your answer.

Posted below is from a poster a short while ago.

Assets
Investment in associate $10,365,000
Receivables from associate, $6,141,000

Current assets
Trade and other receivables $113,000
Cash & Cash equivalents $660,000

LIABILITIES
Trade and other payables $25,000

NET ASSETS $17,258,000

- August 2019, impairment of $10m coming so Net Assets would still be $7,258,000

Converting into Pounds = £5,896,544 and with just over 356m shares in issue would equate to around circa 1.65 pence share price.

Under the terms of the Agreements, KLK will provide a loan of $2,000,000 to EPO's 50 per cent. owned joint venture company, LPD (the "KLK Loan").

In addition, for a consideration of $2,000,000 payable to the Company, EPO has agreed to assign to KLK $6,000,000 of the outstanding liabilities due to EPO from LPD (the "Assignment")

Simultaneously with the Company entering into the Agreements, EPO has also agreed to provide a loan of $2,000,000 to LPD (the "EPO Loan"). Subsequent to the Assignment and the EPO Loan, the total liabilities owed to EPO by LPD amount to $5,100,000".

So the total liabilities owed by LPD to EPO as at 31 March 2019 now amount to US$6,141,131.21 whose loan terms are treated the same as the Loan Extension.

That sell towards close defo had Ruffer MO

Has anyone been keeping count of the 1m sells, how much do we think they have left?

Another solid if not spectacular day, mm’s were more than happy to pay above bid for decent volume into close. You can be damn sure they’l be selling them higher next week with news imminent.

Have a good weekend all

A few petty buys and the SP dances north - looks like new bottom reached at 1p. Any sort of buying pressure will see this fly north as the mm’s dont want to give anything away at these levels, only dropping bid to scare weak shareholders into selling - KLK own 62% and have an average above 5p you can be certain they wont be selling a dime (they’ve been pumping money into the company like its going out or fashion), neither will the directors or others. Only sellers that will temporarily bring this down are us pi’s.

- On 20 August 2019, the Company announced that one of the customers of its operating subsidiary (Libinc Oil Palm Inc.) at Palm Bay estate had confirmed the purchase of 2,700 MT of CPO, which was to be collected by parcel tanker ship from the port of Buchanan.

*one of the customers* - one would hope theres plenty more of these. News of any more orders over the coming weeks (which im sure there will be) now we’re up and running and this rerates massively.

As at 31 March 2019, LPD has a further $1.3m to draw down from the $30m loan provided to LPD by KLK as was announced on 12 October 2017. The Directors believe that a further loan will be sought from KLK in the near term.

With a further 20m loan given the following week once interims released. Plenty if cash, funded by major shareholder who’s already had an offer of 5p a share rejected. Maybe 10p would do it? All in good time.

Bbr where did you get the 1.3m figure from?

Yes approx 650k which would be enough to cover us until minimum the end of the first quarter 2020. Owed over 6m and a petty market cap of barely 3m. Dont need to be a rocket scientist to know why these guys are desperately talking this down.

KLK our major shareholders are sat here at an average of over 5p and own 62% of shares in issue. An offer was made by these guys to buy out the remaining shares @5p a share which was rejected as it would only value the company at 16m mc. Since then all the infrastructure work has been completed and the end to end supply chain is up and running with orders for goods now coming in.

Read through the rns releases and you will understand this is a monster in the making, govt on side and massive upside.

So why exactly will this fall to 0.70p again? Traders leaving? Then you will buy in ‘large amount’ and double, which would mean it will be moving back to 1.4? Why?

Also if you want to see what a large trade in this looks like your more than welcome to add me on twittar @ jellarochford1 and we can exchange the trades mades here.

LOL

This is my smallest holding, i only hold 4 shares and one is up 1300% so im doing ok thanks. Im also waiting for traders to leave and as i’ve mentioned before i’l be adding if it drops.

That said, your tactic of talking a share up when its down and down when its up is begging so from now on im irate adam and your mr beggar...fair?