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Just had a foolish little gamble (40K bought at 7.5p) round the living room. Surely got to be worth 7.5p?!. It's only money. I know I need to get outside with the lambs (gambolling). I do actually need to reduce my holding, so would take a modest profit in the future on a couple of tranches
Directors.I am inclined to agree with you. They can't all be skint! I am beginning to think we are being taken for mugs. I am £10K down here and diversified as I am, that is still not an insignificant amount. We seem to have lost all direction and purpose. Newsflow is poor and lacking guidance. The directors seem to have lost it, or they don't care FA about their shareholders. It beggars belief that we are so low after all the "progress" of the last few years. The market is always right and this is confirmed by none committal directors? If so, we are stuffed. Should we bail out now while there is still some value? Yours, wallowingly, in a Slough of despondency. I decided not to amend the sloth spelling mistake. Keep the faith? GLA
DKL is rapidly turning into one of my worst investment decisions. When everything is going pear shaped the company should come clean and inform the market sooner vis RNS. As far as we were aware everything was Hunky Dory and we were expecting great quarterly figures. How wrong could we be. However some people were clearly aware what has been happening recently, hence the steady depreciation in the SP. It is going to be a long road back before many of us see the SP back to our average purchase prices. I feel I am stuck in a value trap. Perhaps I should just sell up, bite the bullet and take the loss. As i have said before this share is becoming increasingly more risky. Can the management be trusted any more? a) to make the right decisions and b) to be honest. I know this is AIM, but I thought this company had integrity.
And now down by another 20+ per cent in the month since your last comment. And all on no apparent bad news. I agree somebody appears to be acting on info not available to the man on the street.. I have already lost 50% of my original investment here, and everything looked good not that long ago. Maybe I am just too gullible, even after more years at AIM than I care to remember.
The SP has been on a downward trend since 29th May 2017 - 14.5p to 10p - a 30% decline in less than a year I am beginning to get cold feet and beginning to think this is just another of my dodgy AIM investments. The trouble is this is by far my biggest holding. The uncertainty levels seem to be going up not down. The steadiness that used to appeal to me is no longer there, as we no longer really know what's happening. It is increasingly more speculative. Let's just hope that production and sales hold up! All the best to long term holders. I will continue to hold for the forseeable.
Should a RNS not have been issued about this? Were we even aware there was an impending lawsuit? And if so, what costs have we incurred? It seems that Dekeloil are very choosy about what information they choose to divulge? Norpalm shareholders get a message, but we get nothing.