Member Info for jk400

Morning FK1, yes and some of the info on that page has been deleted. Back down to 1.16p in old money. :(

There is an update on the Norpalm website.

My two penn'orth and, yet again, that old chestnut - this should not be paid for by issuing more shares. The state of the current SP is well known to regular readers of this board and, it is only at these levels because of the issuing of shares in lieu of payment - quickly followed by said recipients dumping that stock on to the market. One proviso being if it were to be substantially at a premium to the current SP, then it may be easier to swallow. For example closer to 20p than 10p, and certainly not anywhere near 13.25p which is then made to look like existing shareholders are getting a good deal because "it's at a 10% premium to the closing SP last night". LJM has said in at least 1 puff piece though that further dilution to existing shareholders isn't necessary, so I live in hope. FK1, yes I agree. We're closer to being back down to 10p/1p than 20p/2p at the moment, which is ridiculous. All of the positive sentiment of the Q1 results / Midas article / other article whose name escapes me, etc. has been lost because of this second major seller. On the morning of the Q1 update, we briefly hit 15.8p at 8:03am, but downhill all the way since then. Many of the new investors who came in at that point have surely now been lost as we've seen a lot of small retail selling in the past week or two. Had it not been for this barrage of selling activity, 16p+ at the very least was possible that day. We also have the hangover of the, 6-18 month old, 2016 results released the other day.

There's some updated information for shareholders of Norpalm on their website. (Thanks to dangermouse on the other board for the heads up). If you do a google translate on this page - http://www.norpalm.no/index.php?articleid=170 - looks like further news on 20th June.

Many of these sales will be from retail investors with itchy trigger fingers, who came in on the back of the Midas article and are currently sitting on a circa 20% loss having bought at the height of the Q1 results. Dumper 2.0 certainly has a lot to answer for in this regard, but also the board for issuing shares in lieu. We're only about 3 weeks away from the Q2 / H1 results now. Divi was "a few days" away last Tuesday - quote, the latest LJM puff piece. Seems to be an odd time to be selling.

Seeing as details of both the AGM and Divi were supposed to be released last week - as per the 23rd May RNS - I guess this delay must be due to the situation re Norpalm?

Hi Cat, yes the SP has been constantly pummelled by one very large seller since the Q1 results were announced - at which point we went above 13.25p rugs doesn't think this 'dumper 2' is Biopalm, but whoever it is, their break even point appears to be around 13.25p and they want out asap. They've been able to offload in bulk well above 13.25p for a couple of months, so a few sales yesterday at 12.8p won't make much difference. They just want their money back and the SP isn't going anywhere until they do. On the plus side, somewhat muddying the waters, we have a 'gathering guy' buying at a discount in bulk also circa 13.25p

Thanks rugs, yes of course we had gatherer in action yesterday afternoon. It's the potential of this DKL stock that's making me so excitable! lol

Will note down that £46k trade at 13.25p as dumper 2.0

Looks like our friend gathering guy again buying in bulk and averaging down.

After the brussel sprouts this morning, I see no reason not to move on to the gravy stage and get the divi information released asap tomorrow.

Optiva have raised its target price for DekelOil from 32p to 34p http://www.proactiveinvestors.co.uk/companies/news/178846/dekeloil-battles-through-head-winds-to-post-higher-sales-and-profits-178846.html Cantor have reduced from 29p to 25p.

Dividend and AGM details in the "next few days". Interest costs about 600k less in 2017 vs 2016 Expansion details to follow - "Third project in Guitry"

https://audioboom.com/posts/5989631-dekeloil-dkl-and-widecells-group-wdc

In complete agreement FK1. Re: dumper 2.0, I have no sympathy for them, they only have themselves to blame really. Cutting their nose off to spite their face by selling in to the positive Q1 news in the way they did.

This is the hangover from the problems in H1 last year. We knew about it obviously, but with hindsight, perhaps focussed too much on what's happened since then. On the plus side, this should be the last of the "less good" news. It may also be the reason behind delaying the issue of the 2016 results? We should get more RNS's in the coming days, namely AGM, divi, with expansion to follow at some point, etc. Several puff pieces being worked on as we speak. The Q2 figures are a month away...etc. Then, from the H1 2017 figures, we now own 100% instead of 51%/86.75% - based on that, which the market still seems not to be taking into account, you can pretty much double today's figures. Then, the gravy of the better news mentioned above, will start to flow.

Indeed FK1, remember the MM's now have more stock than they know what to do with thanks to several large dumps last week from dumper 2.0 - we didn't see a tick down then, but inevitably, it came about today. As well as the MM's, we know dumper 2.0 also has a large (unwanted) stockpile that they are prepared to offload at any price above 13.25p. dumper 1.0 to a lesser extent, willing to sell at any price. I wonder if part of the reasoning behind holding off on releasing the 2016 results was to try to get these persistent sellers cleaned out? Unfortunately, we haven't even scratched the surface yet.

Strikeman, if that is the case they aren't really the type of shareholders we want/need, although beggars can't be choosers with the way things are at the moment. You could be right re an expected RNS though, I was expecting to see something today, even though it did say the week commencing. FK1, re Biopalm/dumper 2.0 - since the Q1 results I estimate they have offloaded no more than about 10%-20% (if that) of their 35 million shares from January. In other words, there's not much light at the end of the tunnel in terms of the SP. Dumper 2.0 makes Dumper 1.0 look like a saint!

Something is going on, either dumper dude is back in action at 13.63p or someone has got wind of some (bad) news.

Afternoon FK1, it's looking extremely unlikely that this dumper 2.0 (biopalm) will be cleared out this week ahead of the news update(s). If ever there was a reason to now stop issuing shares in lieu of payment, then this is it. We've also got dumper 1.0 (the original and best) to look forward to next week, so no respite. Our only saving grace should be some more LJM puff pieces, which unfortunately have been in very short supply recently.