Member Info for DannyQSee

It’s amazing that we’ve been able to achieve an 83.6% increase in average realised PKO prices, yet managed to drive the share price down.

More “jam tomorrow”, no updates on the disastrous execution of the Cashew project… but there is one certainty: issue new shares.

Very disappointed

“our technical expertise”… I almost chocked on my cashews when I read that!

At the moment everything slightly negative is being used to push the shares down and short sell.

I think the results were good. They’ve reduced debt by half a billion and are still paying dividends to investors. I’ve topped up. It’s an excellent buying opportunity.

I wouldn’t call this “ahead of expectations”.

As an investor I lend the company money or buy their shares and expect a return on that investment.

While management and staff gets paid and issue themselves free shares (thanks to my investment). I am at a loss and haven’t even received a dividend.

So for me big thumbs down. Very poor execution on the cashew project and poor awareness from management to reward their investors. - Yes it looks like next year may look better, but they are already planning another potential disaster with another commodity and “energy generation”.

I will be reducing my support as I can’t see any reward in the near future.

At least we know why there hasn’t been an update on Friday (the regular day of monthly reporting).
The illusive colour sorter has arrived on Sunday so we finally have something positive to report.

This is a very old company - they’ve raised some £900 million in total over the years. The current valuation is about £13 million so even if it goes up times 100, shareholders still won’t be made whole again.

Congratulations to everyone who bought over the last few weeks, but the only ones who’ve made money on this are the old management team.

“We will update shareholders in due course”… about time.

What have you been doing last month? What have you been doing yesterday? What will you be doing tomorrow?”.

It’s bizarre to not hear anything at all.

Oh dear, if this continues the board may even have to interrupt their continuous issuing of new shares… tough times indeed.

In my opinion the whole Cashew project has been more than disappointing so far and the market is completely discounting it. - Production of Palm Oil has dropped about 40% and so has the share price.

The production requires quite a bit of equipment and requires a lot of energy. You can find the required equipment here:
https://www.shellingmachine.com/shelling-line/cashew-nut-shelling-line.html

1 ton of raw cashew nuts (RNC) can be processed into between 250-300 kg of Cashew Kernels and about 700-750 kg of the Cashew Shells.

Cashew shells are considered waste, but can be are used to produce (CNSL) cashew nut shell liquid, a raw material used in other industries.

I too would expect them to produce numbers that follow the palm oil numbers and an explanation what they are planning with the cashew shells and if Cashew Nut Shell Liquid will be produced or if it goes to landfill.

The cashew project has been shambolic so far and the communication of it very poor.

It is exciting to do something new and branch out, but there have to be realistic milestones. Since last year milestones are being missed and every month there is a different reason for it.

I remember the Twitter footage last year of mountains of bags of raw cashew nuts being moved about. What happened to that? Do they expire when unprocessed? Have they been processed? Have they been sold?

It’s very confusing to receive detailed numbers in regards to the Palmoil production and extraction rate (to the .1 percentage point) and absolutely nothing when it comes to the cashew numbers.

Indonesia palm oil export ban fuels global food inflation threat

Crop protectionism increases around the world as prices soar

Article in the Financial Times:

https://www.ft.com/content/38b6df62-e863-4ba1-8274-138ccb2b061b

I’ve looked at the interim results from October 2021. It says they had 1.68 million cash at 30 June 2021 (in June 2020 they had £ 7.80 million cash!!),

Group revenue is currently: 0.85 million

The loss for 2021 was £3.40 million.

So if you take the cash they had in June last year and than add the anticipated revenue for this year and then subtract the anticipated cost (loss) - you’ll end up with something very negative when June 2022 comes around … unless they find a pot of gold at the end of the rainbow by then.

This is a complete gamble now if they can get anything approved before they run out of money.

It’s surprising that there are no news for years, it shouldn’t be so difficult to get something done. One wonders what they do all day?!

At least they cut costs and stopped the gravy train from the previous management.

Same here… held it for almost 10 years now. Way before the re-boot.

No doubt there will be share awards for the team for this amazing performance!

I have been a Dekel investor for many years and have not had a return on my investment.
This is not a global tech company and all this financial wizardry is completely misplaced. - This is supposed to be a straightforward agricultural play and should pay dividends to their investors or stop issuing shares so the ones that are in circulation will appreciate and give the investors a return for their investment.
I disagree with the accountants view that it doesn’t matter if staff is paid with cash or shares. The fact is that if you can’t pay your staff with cash you shouldn’t employ them. Everyone can buy shares with their salary on the open market. Staff gets paid salary out of profit. Investors get paid for their risk and enabling staff to get their salary.

I encourage everyone to vote at annual meetings to stop the board from issuing any new shares and pay dividends to investors who make all this possible.

Unfortunately it’s the unsatisfactory reality with small companies.
While the amount of shares have increased by about 500% the individual share price has gone down.
It’s comforting that the company is doing well, creating jobs, supporting small farmers and paying generous compensation to the board of directors, but an investor wants to see a return on their investment!!
The company doesn’t pay a dividend either so the only thing we can do is vote for dividend payments and refuse to have any more new shares issued.

Although the update on the cashews was due “in the second half” of this year and has been postponed numerous times - and probably now forgotten; I expect them to include that in the next monthly update around the 10th January.