RE: Q1 update - encouraging, yet highly frustrating10 Apr 2020 00:15
Rivaldo I am a firm believer in eitehr making your own luck or if this is not possible at least not relying on luck itself to carry you through. They had one definite piece of luck and that was not acquiring Norpalm but not for a want of trying. They have in fact had luck in the spike in CPO prices but no real capitalising on it except to produce what they produce best which is excuses. It is six years at least of the Mill in operation and not any traction towards full production. I pointed out the production profit warning contained in Q4 at the time. Nice of Lincoln to save time with 3 months advance warning of a rinse and repeat. There was a time when DKL reminded me of the England football team as they couldn;t string two good results together. Now they cannot produce one good result. Lincoln has peddled this strong start to "......" nonsense before. Yes strong start to all six or seven days of April so far.
This really is a dog ate my homework share. Excuses after excuses are wheeled out for poor performance for a board that give me the impression at being asleep at the wheel for core services while chasing dreams in non core areas. Now they have dreamed up a new project when none of the current ones are satisfactory for one reason or another.
Like many others here I am holding on more in hope than expectation. I have asked the BOD many times at the AGM's to get a grip. They have shown no evidence to date that they have any grasp of this. I say every year at the AGM that the challenge is to improve the SP between one AGM and the next. Abject failure there even at these low levels.
I keep hoping one quarter the company can show they can reverse this death spiral in the SP all the way down from 20p. Let us see what Q2 brings apart from the usual litany of excuses. Some emphasis on production of you know like CPO would be useful instead of "Look! Over there! There is a squirrel."