Member Info for Fallingknife1

Afternoon Cat! I don't think they will hang on for Nordpalm as it probably hinges on assurances from the Ghanain Government aound forgiving the debt. Therefore I expect they are crunching the numbers now on production. We have a small run of buys now in decent volume so perhaps we may pick up some moomentum. Congrats on last night. I hope we can get the mid price to 19.71 to celebrate the last tym Huddersfield were in the top division. You are in a bit of a sweet spot with Plymouth too :)

It is good to see 14p restored as a floor of sorts. The spread has narrowed too so the ask is 14.25p now. A long way off a challenge to 15p resistance in the absence of news. The accounts must be due any day and I have a strong sense it will be tomorrow. I suspect the company are delaying the results until they can make a whizz bang announcement on the dividend.

Morning J/k! It is very hard to discern due to the specific issue with DKL is there is a relatively large amount of shares unaccounted for. Biopalm have made it more difficult but they could only be Dumper Dude 2. The board have been pressed about the lack of declarations but the official line is the seller has no connection with the company and cannot be forced by DKL to declare when going through notifiable percentages. Of course our relatively recent friend Gathering Guy may be a high roller or someone with a specific interest in the region or industry. The good news is Gathering Guy was able to move the needle substantially here and I hope his gathering continues. There was a time here at DKL where we used to get large rollover's but now this only seems to happen at the end of the tax year when people bed and breakfast them.

Unfortunately Hereandnow the company have long since decoupled from the official CPO price. Of course they do track it upwar to a certain extent but there is clearly geo-political reasons why for some time DKL have charged less than the Official CPO price. I remember the first two of-take agreements were actually at a Premium to the Rotterdam price and didnt inlude CIF either. It has been a disappointing aspect of company strategy. TBF they did cushion themselves against falls as it have nver sold produce near the official CPO nadir either AFAIK.

Thanks Rugs. Interesting to see then the bid achieved creeping up to 13.93p, albeit for lower amounts. If for no other reason than establish a floor I would like to see 14p restored on the bid as it sets us up for an assault on15p. 15p ahs such sticky resistance that we have retraced many times from it.

Morning j./k. Are we still on 14.36p on the ask? I don;t know if the 13.93p trades are buys as they conform to Rivaldo's limits of 10k to buy? Those late trades might be voids sadly and not gatherer dude as it is omething which plagues DKL. It has been raised at the AGM about null trades but nothing has come of it.

Yes that must be Gathering Guy who has accumulated a nice holding by buying in bulk. Hopefully he or she will be rewarded later on when we lose his nemesis Dumper Dude whom I could cheerfully strangle or yank out his gearstick!

On the back of the results Goodbody Stockbrokers has increased its full-year 2018 revenue and earnings expectations by 10 per cent and 4 per cent, respectively, to £177 million and £32 million. Lots of buys today and the price hasn;t budged. I am back in for more if we drop tomorrow.

but is there limits on the amount you can buy jk? That is a decent amount for them to quote a price on without going to the market methinks! Also a dumper dude type price which inevitably shows up when we hit strength.

Someone has just paid 14.4p at the limit of 10000 shraes that they are willing to trade in. According to your figures Rugs the MM's are now bidding for a higher price than they have been selling since 1.30pm. Rivaldo is right. There is something afoot.

Strikeman I wouldn't pay much attention to either of those two as they are house brokers and have been peddling those price targets like an octagenarian DJ dusting off his old 70's vinyl records since time immemorial. Beauford Securities have been on the speculative buy mode for the last 3 agm's. Jeez you would think you might stop speculating at some stage! Mind you I did say 2p by last xmas and I think we were nearer 1p!

Yes look like someone had to pay 14.08p for 40k of shares while the other trades are at 10k of shares. 25k was probaly just before the mm's tightened up. The morning trading was fairly equal so it is hard to fathom why the afternoon should see limits on the shares to be had but plentiful to be accepted for sellers.

which is quite a leap as it skips 14.25p. There must be a delayed buy to be reported. We have see-sawed before after hitting 14.5p on the ask so we have to wait for buys at full ask. Dumper dude may also be triggered by today's pm strength. It might be a relief rally in the minor unrest in IC seems to be sorted again.

10 for 1* I mean and it was at a premium at the time of 13,2p before shares went to 13.9p on the news just above where we are now. The longer this Nordpalm deal brokering goes on without a suitor emerging , the better the hand DKL have. Under 5 million euros for a company which though distressed is a useful foothold in Ghana and could complement the other operation in Ghana.

above £9.10 and with a NAV of nearer £10 I still think this is a screaming buy. It has been a great run up from 723p but the huge discount to NAV has been unwarranted in my opinion. The new man at the helm has something to prove but I am still a buyer at these levels

Strike, There was a share consolidation. Not sure where you got 125p from! More like 12.5p and that was solely due to the 11 for 1 consolidation

£20000 of shares sold today at 13.5p which is rock bottom. Incidentally Nordpalm is about 20% certificated for RSPO and was hoping to be fully certificated by 2023. There were objections to it due to hunting. Their mitigation was to educate them not hunt. They also do PKO. They did 14000t CPO productions a few years ago which would be good I suppose gone it is only 4000 hectares and CPO prices are higher. I do wonder whether the Ghanese government would forgive the debt.

Good post Phil. It would be useful if there was an English language version of what hereandnow posted. Lol j/k. It also seems that P.S. Cuzzons have a clause about change of ownership so that is another hurdle.That said it is clear to me that the board know West Africa very well and have indeed been talking about distressed assets for a while. I would trust their judgement. Has the company being buying shares in Nordpalm Ghana? I expect in the case of a bidding war DKl would walk away. The good thing is in imv that the relative small scale would mean DKL are well positioned to pounce.

Are I think Bibiana and Takoradi are about 250 km apart. The one announced today is nearer than Bibiani but obviously only 40% of the size of the initial project. The new one is about an hour nearer by train at just under 5 hours. The minority partner is PZ Cuzzons. Dkl have shown a good track record of working with and buying out minority partners. Nordpalm did upgrade the facilities but I think All extraction technique is probably superior to what Nordpalm do. I have read there are or were four 'major' players in Ghana COO. Rugs can probably let us know the current state of play there. His expertise in this is second to none!

After a message* PS sadly one of Lincoln's puff pieces won't be out until we get some clarity on this.