Member Info for DannyQSee

I wouldn’t get too involved with day to day trading.

There could be any number of reasons. Someone short selling the share, someone having to sell at any price or someone having to close a leveraged trade.

What is more concerning are the overall goals management what to achieve. I guess the second palm oil mill, the sustainability certification, the third commodity and the renewable energy project are off the table. Let’s find out what they are planning now?!

I don’t really know what to think here.

Since the takeover and the change of management this is a pure investment play, whereby they are waiting until the thing is up and running and it will be sold.

What are they spending £200k a month on? An admin person on £25k a year can do that job. Answering calls and doing PowerPoint presentations. Get rid off all the staff and the office space and just sit there and wait until the £50 million fee comes in than sell the remaining stake to the highest bidder.

I don’t think it’s a good interview.

He is trying to deflect by saying someone sold some shares in Feb that’s why it dropped to 1.8p

Interestingly he even had to correct himself that the shelling machines are still not operating and are still being commissioned.

No mention of the endless printing of new shares and not addressing previously raised issues:

- 24,000 hectares of land planted in Guitry and second CPO Mill built (as promised in 2016)

- RSPO member - certification (as promised in 2019)

- Processing 30,000tpa of RCNs (as promised in 2019)

- Third commodity as well as clean energy (I think first mentioned in 2020)

I hope you met him at a bar and he bought you a drink, so you got something out of it.

As an investor I’m not at all interested at things management can’t control. I’m happy to explain to him the reasons for an increase in wholesale prices, but understanding that it might have got something to do with the lower availability of stock due to a poor harvest can be difficult to gasp.

What management is responsible for is failure to deliver, promising something and doing something else, failure to communicate and hoping we forget what has been promised for years!!!

If I invested £1000 five years ago I now have £220 left. How much has he earned in the last five years for that achievement?

He should do the right thing and walk or get fired.

Just a quick pulse check how close we are to the 9.5p target… ah ok 2.2p … never mind.

The lack of updates is just baffling.

Kevin’s team spent most of their time creating lovely PowerPoint presentations which looked great but never came through.

I don’t understand what they have been doing on a day to day basis over the last two years?? We know there is stuff in the ground, we drilled into it just open the tab and start selling it or liquidising it or making fertiliser out of it.

Or sell the whole thing (like others did). What are they doing???? What is going on????

After having a target price of 9p on it for over a year … while the share price remained around 3p all year - they have now raised it to 9.5p.

We don’t know when, but it will shall be 9.5p eventually, what a relief.

On more positive news another 600k worth of shares have been issued. Beers all around !!

At least the broker has reiterated their 9p target so it’s all good then.

The market is one thing, but the company’s management is another. This should be trading at around 45p and if I were management I would have said to any potential investor “look the market is down and it’s a great opportunity to come in now”.

The fact that they could only get a fundraising done with a 30% discount at a heavily depressed share price speaks volumes. If management rates the share at 10p why should anyone pay more? It’s only small retail investors who get suckered in.

I will not buy any more.

I couldn’t understand why contributors of this board got so excited when Perenco got involved and sold quite a bit at 4.5.

As I expected it now states in the presentation that the new operator Perenco “may propose an alternate development scenario (e.g., an FPSO/FLNG combination) that may require new technical studies prior to approval”.

This may benefit the project in the future, but will cost time and money in the near term and as such will depress the share price.

What does surprise me here is no guidance or comments from the board (unless I missed it). They previously mentioned they see the fair value at 45p but I can’t see anything like this anymore.

It is good to finally see this up and running, but the level of detail they have provided is very very light.

While we know that the yield for palm oil has increased to 21.8% from 21.3% last month, we don’t know the yield for the cashew nuts. We also don’t know what’s happening with the waste material (the outer shells). This can either be binned or other things produced from it.

An update on the certification of the palm oil production would also be nice, but all in all so far so good.

Don’t forget that this is owned by a hedge fund, so they will be making money of this trading up and down.

With gas prices at an all time high it’s complete ineptitude that this is still not making any money!

The broker's target of 9p without a target date means absolutely nothing. Firstly we don't know when it will hit 9p (maybe in 10 yrears) and, secondly, as they haven't given a target date you can't measure their expertiese and how good they are at forecasting.

Palmoil production has been an absolute disaster, even without the current low season. - In H1 2017 it was 26,947 tonnes with revenue of €19.6m. Now fast forward five years to 2022 and production has almost haved to 16,893 and revenue is stagnant at €19.7m!

The share price has been continously going down, while staff and management are being paid every month at a fixed date.

I'm happy to hold but won't be investing any more or voting to support management until anything that has previously been promised will be achieved:

- 24,000 hectares of land planted in Guitry and second CPO Mill built (as promised in 2016)

- RSPO member - certification (as promised in 2019)

- Processing 30,000tpa of RCNs (as promised in 2019)

- Third commodity as well as clean energy (I think first mentioned in 2020)

I’ve had a look at the numbers in April and came to the same conclusion (although I expected it in June).

Let’s wait and see.

I have to disagree. This update is poor and the narrative is quite irrelevant.

A good indicator how the market is rating the company and its potential is the share price and that’s been continuously going down for the last few years.

I don’t rate the broker either. They are giving a target of 9p but are not giving a timeframe. Let’s ignore the fact that the share price was previously at 12p for a moment, are we going to see 9p next week, next year or in 10 years? Totally useless!!

There is potential here, but while management and staff get paid on a monthly basis the investors have been missing out and loosing money year on year. We’re investors looking for a return and not here to give charity!

You may think we’re finally there with the cashews, but don’t forget they are already planning another commodity (probably coffee or chocolate) and also energy generation.

It could be years before you see a return or get your money back (if you’re already under water).

I don’t have any insider information, so don’t know more than anyone else, but I can’t see this going down any further.

They are doing all the right things, paying a dividend and creating valuable partnerships. Sometimes the sentiment is against you, but I can’t see any reasons why this shouldn’t go much much higher!

Be very careful when sharing personal details of any kind as this can be used for phishing.

You should never put more than 10% of your holdings in one share and only invest if you are prepared to loose it.

You win some you loose some.

I’m sorry, but are we looking at the same video?

The video I saw on Twitter shows an almost empty hall with a hand full of people in it and a few machines (which don’t seem to be in operation)?!

If we were producing microchips I would be slightly excited, but being used to Greg Wallace walking around buzzing factory floors in the agricultural and food industry I’m left VERY disappointed with those videos!

Agree with this.

It doesn’t matter what the analysts or common sense say as it can all change very quickly in agriculture.

I used to invest in an orange grower and juice producer (I actually came away with a profit). LSE listed, it all looked amazing, analysts were equally positive as they are here. Than some monsoon hit the plantations followed by the trees being hit by a virus and the whole thing was delisted within a couple of weeks.

This update is actually meaningless.

I wouldn’t call buying just over 1000t for a 5 months period a “significant increase” … let alone that it will happen over the next couple of weeks.

The palm oil production has yet to hit the full numbers that were originally stated… and now they are thinking about a third commodity and energy production??!!

There is potential here, but let’s see some results first. I won’t be investing more until I get a return on the investments I’ve made over the last 5 years!