Member Info for jk400

https://www.*************.com/views/28406/no-monkey-business-with-this-ethical-oil-company (try Google cache as there seems to be problems with displaying the site) hereandnow, definitely. We were trading at 14.70p at 8:02am on Monday morning, a minute later the dumping had commenced. With the amount of buying we saw between 13p-13.5p, your 15p-17p range seems not only plausible, but perhaps even on the conservative side.

From the RNS, 9th Jan 2017: "Consideration for the Acquisition is being satisfied via the issue of 35,455,111 ordinary shares of €0.0003367 (the 'New Ordinary Shares') in the Company to Biopalm at 13.25p per share, a premium of 19.2 per cent to the closing share price on 6 January 2017.....Following the issue of the New Ordinary Shares, Biopalm will hold approximately 12.51 per cent of the issued share capital in DekelOil and has agreed to certain orderly market restrictions in respect of its shareholding in DekelOil."

BIOPALM ENERGY LIMITED!!! They have a large holding and their break even price would be around 13.25p - discuss. Other than them, Richard Amon who we believe may be dumper dude. The modus operandi of dumper dude though is for a very quick dump into strength. What we are seeing this week is a prolonged, slow and painful, strangulation of the SP.

BOOM! 13p dump.

https://www.sharesmagazine.co.uk/news/shares/why-dekeloil-is-in-demand

It's good to hear what outsiders think of DKL, so just looking at some of the comments on the Midas feature in yesterday's Mail on Sunday. Two things stand out: 1) Lack of news 2) Palm oil reputation The first we are already aware of, i.e. we end up with 2-3 months of little or no news. This often leads sellers with itchy trigger fingers to sell. The SP then drifts southwards. We need a more regular news flow of updates, but difficult to see where this would come from, other than a second mill, etc. Monthly production updates would cause more problems than it would solve. On the second point of palm oil having a dreadful reputation. This does not affect DKL as 'we' are a responsible company doing things properly. However, I recently suggested to a friend to look in to DKL with a view to adding to their portfolio. Their first words, without hesitation, was that palm oil is unethical, etc. and didn't want anything to do with it.

Another LJM puff piece from vox - https://d2s77pkxoim9jc.cloudfront.net/f2e0ee7eb4ee121f8e5ec5a3b2d92e1a/media.mp4

A very good point Herman, the SP is still at the same price (1.3p) as from the original Midas article. In fact, it's lower as I think I first came in at 1.37p Fortunately, the board are now releasing news in tranches. In the next few days/weeks, we should get: 2016 results. Maiden dividend. Expansion news. Special Dividend??

Very good news, even better than expected. The trade at 08:03:38 unfortunately has all the hallmarks of dumper and stymied our early 14p+ progress.

Very happy to have topped up at 11p - 12p over the last couple of weeks. Should be an interesting week.

Morning total, a lot of us first heard about DKL from that article. Although the SP has plateaued, we now own 100% of the mill which I still don't think the market has fully digested. We have had a lot of dilution and payment in lieu which is also a bugbear. The upcoming 2016 figures will include H1 at 51% and H2 at 86%, so even if production stayed the same, it won't be until this time next year where the market will see the full benefit of owning 100% to the bottom line. A couple of disappointing production quarters in 2016 due to "external factors" has weighed on the SP, alongside dumper dude selling in to strength - which kills all momentum on positive news. We have a board under promising and often over delivering. The bottom line will see a significant increase both 2016 (for the 51%/86% reason above) and this current year where we are moving to 100% for the entire year. I am expecting some very tasty 2016 accounts indeed. This is alongside the organic growth already mentioned recently, i.e. crops reaching maturity, empty fruit press, etc. We are also net beneficiaries of the Sterling/Euro conversion change since Brexit. I am hopeful that the circa £500k dividend may even come with a special divi. ----- Re your comment on what happens if the machinery had broken down or the smallholders have been selling their FFBs somewhere else. I suspect the first would have had to have been RNS'd. The board recently commissioned a backup boiler for any such eventuality. As for selling somewhere else, there are contracts in place with 5000+ smallholders. We (that's the royal 'we') have a series of local collection/drop off hubs and make instant payment. Alongside this, DKL are well respected in the village having renovated the school, paying for fresh water pumps for the village, etc. I can't remember the exact details, but there are some good videos on the DKL website. Directly and indirectly, the lives of more than 6,000 families are enhanced by the operations of DKL. If the smallholders went back to extracting themselves, they'd face a cut of about 40% to the yield which is the benefit of the mill. Not only that, they'd have to transport the product and probably wait for payment, etc.

A couple of the trades today at 12p were me - I just can't resist at these prices. Hoping for an RNS tomorrow based on last years timings! Although, the production updates do seem to be held back now in order to provide, somewhat useless, forward guidance from the first 10-12 days or so.

Morning FK1, I am of the opinion that our only true support level is at 10p, i.e. the 1p which = square one. We have a support level of sorts at 12p which is very easily fallen through as soon as anyone sells a chunk of shares above around £20k. This is followed by retail dumping of minor amounts from those with itchy trigger fingers taking minor profits. 12p is breached either when dumper dude sells in to strength or, more often than not, on a lack of news. Anybody reading these boards, with proper knowledge of the company and knowing that we have positive news around the corner (as early as this week) would not be selling at 11.5p

We're also a beneficiary of the GBP to Euro conversion thanks to Brexit. Also, with KLK still sniffing around MP Evans, we must surely be a serious acquisition target for the SE Asian players - especially at these prices and, again, with the currency gain.

Morning all, still hold 850k shares. In for the long run. I've just tried to do a dummy sell of £20000 (161k) and been offered 12.36p, so that 12.5p trade is a strange one.

If that trade at 17:09 is a buy, and I think it must be, then very good news for us re market liquidity (or lack thereof).

We've just had (yet another) load of dilution due to the boards insistence for issuing shares in lieu of payment. They see it as a positive, the market sees it as a negative and we need to keep their feet to the fire on this one. According to the latest Lincoln J Moore puff piece the other week, no more dilution is necessary or "they don't need to go back to the markets" (words to that effect anyway - the exact wording is in the thread if you look back). On that basis, we are now around 35 - 40 days away from Q1 results, the full 2016 accounts and off the back of that, details of when the first divi will be paid. A positive Q1, together with a "direction of travel" re Q2, should give us an idea whether a special divi based on H1 production figures is likely. Also awaiting further news re expansion.

Nice £50k buy there at 12.3p, we needed that.

Here is the missing RNS: http://www.satprnews.com/2017/02/21/grant-of-options-7/

Good to have you onboard Lockedin. DYOR of course, but there is certainly no reason to be taking losses or breaking even with this stock. It is a slow burner for the long haul though. I've been here about 18/24 months (at 12.6p). The fundamentals of the firm have changed dramatically in that time yet the SP has not kept up. The market will do so at some point soon, it will have to. We are soon to be an AIM company paying dividends, for goodness sake. Keep an eye on this board too, there are some very good contributors. Re acquisitions, at this price we must also surely be a target especially with the value of the £ Rugs, re Richard Amon. Don't know, but it's very annoying as it kills momentum.