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probably why they got cancelled... not enough paid rampers on twitter / here ;)
VELA was loan note conversion.
SYM could do well but unloved.
BORING - Back to bed.
No dan... just a few spikes and fall backs as usual and DE-JA-VU on WDC...
VELA - Why would scott fletcher be taking more than 20%? Is it this guy? https://twitter.com/scottjfletcher
I believe that's the point ;) Hope they make money elsewhere but really? Cant hold for next weeks update? Hmmm...
73,229 lost £250 in a day... nice one! Do that daily and you will be gone soon enough...
wasn't fast enough to get them at below 1.6 never mind... might get another chance.
Got to laugh... all these amazing people who predicted "cash crisis" etc... we knew - well anyone who researched and took part in their recent update knew - cash burn was high.
And also knew they needed more funds later in the year.
What all these scathing articles and comments etc seem to omit is that was historic and is being dealt with under new management. With their tech being unique it will imo turn around from here. Whoever sold at 5p this morning... well you know you made a mistake when price is now over 6p.
Don't own many here but didn't panic sell on the deramping.
Some just like to be miserable and have it in for the company. Wouldn't mind if they owned shares but they don't.
Could be wrong but the profile of John Pearson looks excellent and if anyone can turn this around its him.
Enjoy your deramps all! Was hoping for a sly 5p buy today but no chance...
Agreed... fingers crossed for a great update showing exactly how much first sales were and future guidance.
my god... idiot... 35198 trade... buys at 1.77 sells at 1.51 2 hours later. Mind boggles.
6p broker target last year...
Nearing the end game?
The core investment case therefore revolves around a combination of operational
catalysts and the material discount to fair value at current levels. However, we believe
that the company is a clear takeover candidate, which could see shareholders realising
value far sooner. The palm oil industry is going through a period of consolidation, which
makes West Africa look ever more attractive for companies seeking growth. Land in the
industry heartlands of South East Asia is becoming scarce, and with West Africa both the
native home of the oil palm tree and the industry’s birthplace, it is an obvious destination
for developers. Growth is self-fulfilling, with the growing industry infrastructure and
support network making operating in the area easier and less expensive.
50% joint venture partner KLK already owns 63% of EPO’s ordinary share capital, and
therefore, with an 81.5% effective interest in the joint venture, we consider a bid for the
company at some point almost inevitable. KLK’s decision will hinge upon balancing value,
with project risking. Each milestone which the joint venture reaches (for example,
completion of the mill, first sales, a period of proven operational performance etc.) will de-
risk the project in KLK’s mind, it will also raise EPO’s price expectations. In our view, once
the project is up and running, and therefore de-risked from an operational perspective,
EPO will become particularly vulnerable to takeover.
Using a long term CPO price of US$775/tonne, and a discount rate of 12%, we value
EPO’s stake at US$29m, or 6.2p/shr. This offers over 100% upside from current levels.
obviously that's now more percentage gain possible... and if they do double production capacity...
A bit outdated but... The new mill is on track to complete in early H2 next year, which will facilitate EPO’s first
material sales. It will transform the company into a substantial producer, with almost
30,000 tonnes of crude palm oil (CPO) expected to be sold in its first full year of
production (Sept 2018 – Sept 2019). On our numbers, this will generate gross sales of
US$22m, and EBITDA of c.US$7m (EPO has a 50% stake in the joint venture
exactly... get the worst out the way... see what funding price will be later in the year. IMO new guy will turn it around!
£350 / mt is wholesale price. Not sure what they get from that but no tax makes margins better.
years of work coming together:
" we shall look to progress a sustainable palm oil operation in Liberia as the region represents a major opportunity to create a key, new global supply hub for seaborne export to international markets."
bbr - really - you think that it will finish at 1.5p? Cats out the bag now...
yes actually seen the mcap - would be selling into the rise there. imo
Here :
https://twitter.com/BabblerBestBets/status/1126369381435478016
BTW - You should have held all your JLP - knew update this week... but profit is profit :)
Morning... it went to over 20p if I remember rightly... made me a few bob which Ive since lost of course...
SCLP CF are out... expect a nice bounce today imo
And one other share that will bag today but need to check a few things...