Member Info for jk400

"fundraiser" clearly didn't understand DKL, as they bailed out at the first sign of bad news and then took great enjoyment of rubbing our [long term holders] noses in it.

Indeed fk1 and we are clearly now in a temporary period of profit taking/dumping.

I hope "stacegibbs" was able to bail out in time and not succumb to the same fate as fundraiser222.

@maddog, the blanked out section is directors talk interviews .com without the gaps.

Well, as the saying goes - you can't learn anything from a mistake until you admit that you've made it.

Both "fundraiser222" and/or "troublingtimes" could have told you that.

Nice little puff piece mention with Zak Mir here at 5 minutes 32 onwards.

https://www.youtube.com/watch?v=JUh48Dox9eg&t=375s

To anyone newly invested in DKL, I would firstly say welcome, but then advise you to pay very close attention to the opinions and views of long term holders here. They speak a hell of a lot of sense on this matter.

Whether you wish to take those views onboard is up to you.

Yes, at this rate, fundraiser222 must be starting to question the logic of bailing out at a significant loss.

Morning fk1, yes let's hope we can now have a sustained period of positive newsflow with the cashews incoming and the gok wan effect already baked in for April. The 2022 accounts shouldn't be far off either, which I believe (despite the dreadful harvest) should be positive.

It's a shame that the BOD are still persisting with the 60k tonnes nonsense. This would have been a good opportunity for a fresh start and to put that to bed.

It's somewhat surprising that this positive news was not followed with further dillution for A N Other, but we know that won't be far off at a premium to "yesterday's close".

The now 4% rise today should be seen for what it actually is - which is a 50%-200% fall for long term holders here.

Previous 10 day average volume was 521,804.

Yesterday was 470,712 - sorry if this does not fit the pumping and dumping narrative and/or is seen as "deramping".

But what about March high season returned guys!!!?

This can't be right.

We know from past experience that there are "new" buyers and there are also "new buyers".

"New buyers" tend to be as enthusiastic about this DKL stock in the low season as they are in the high season, albeit they have very long memories.

Whereas "new" buyers tend to dump their entire holding at 7:01am on the morning of an RNS that does not fit their narrative.

dbentley, again some excellent points. The cpo facility is too much up and down like a yo-yo. The cashew facility will hopefully be more steady as she goes without so much month-to-month variation. There needs to be sustained good news over many months to get this back to where it should be.

Stacegibbs, they wouldn't be called fundraiser222 or troublingtimes, by any chance?

They never learn, do they? How many times have this board been told that shareholders do not see more dilution as positive?

I see we have some new holders here, who are very welcome, but are perhaps shall I say a bit wet behind the ears - and that is not meant in any way derogatory. Unfortunately guys, this will not be the last time you see dilution here on a grand scale.

DKL have a lot of history with this, as soon as any positive newsflow is released, you can be assured that if it's not in that RNS, another RNS will follow one minute later with news that the BOD see this is a positive sign that shares are being issued at a premium to the previous close. In my time of holding, around half a billion shares have been created out of thin air.

Had we been told in January 2022 that there were major delays that are outside the control of the company, then there'd have been a chunky fall, but it would have been accepted and we move on. However, we were told that the facility would be fully operational by April 2022 and it's now 11 months later and it clearly still isn't (quite) ready.

That is the problem in a nutshell, no pun intended.

Secondary to that is the rival firm buying up all the FFB's in February - at least a few of which probably were bought from the DKL nursery - with the market then thinking another bad year for CPO is on the cards.

We've seen these drops before of course on the back of a prolonged period of selling and then holders just want out at any price.

On the positive side, we seem to have a fair chunk of buyers who have bought in on the back of this selling.

@rugs, yes I guess some will always slip through the net. Re positive news, the same mistakes keep getting made over and over, note the quarterly reporting for cashews as a good example whereas monthly reporting for CPO has been generally seen as a positive.

@DB, re your question of "how do we know they are a large holder? doesn't state it anywhere i can see."

It was an assumption based on the tweet at 10:29

All the sales action this morning was between 9:53 and 10:24 with over 800,000 volume. Even if they're not all the same person, the three chunky trades were still over half a million and the tweet suggests this is not the first tranche of sales, note - "Finished selling what I had left".

I agree on all other points.

Here is that tweet - https://twitter.com/Alastai85608932/status/1633414509573337088

A shame to lose another large/loyal holder.

The same mistakes are being made again and again. Investor feedback falls on deaf ears.

Something as simple as the 70k vs 60k capacity of the mill may seem irrelevent, but it's an example of a wider problem. Lincoln, please revert the RNS's back to the correct 70k figure as a good starting point and you will be commended on this.

We were told no more dillution, yet it continues. Lincoln, please no more.

There's no reason why a published yearly financial calendar can't be published on the website ahead of each year with dates that are stuck to religiously. A very simple way to rebuild lost trust.

Ensure all plants sold moving forwards from 'our' nurseries have an exclusivity clause that the FFB's have to be sold back to DKL for x number of years. The competition are clearly outbidding DKL for FFB's produced from the DKL nursery. Crazy.

There's much more, but those are a good starting point and very simple steps.

Indeed dbentley, they need to stop messing around with these vanity projects like Minerals, Rubber, Solar, Norpalm, etc and concentrate on the basics.

The mill has capacity to produce 5,833 tonnes per month (70k) - or 5,000 if you believe the 60k per annum figure - yet last month 1,818 was the actual production.

Over the past 2 years, combined production has been 65,704 tonnes, so the CPO mill is only operating at half capacity.

Why no more news on nurseries? What happened to the much vaunted fertiliser project? The 5 year planting should now be mature, why were exclusivity arrangements not put in place so that the FFB's produced by nursery sold plants couldn't be bought by rival operations?

The quarterly reporting of cashew RNS's is a missed opportunity for more regular news flow. If it's commercially sensitive, why not report every month, albeit with a 3 month delay? January in April (which is going to be the plan anyway), February in May, March in June and so on? Let's get some positive news flow for goodness sake.

Also, I don't understand why we're a) sitting on a volume of RCN and/or b) not sitting on a volume of RCN?

In scenario a), the colour sorter has been onsite since the summer and supposedly from that point all systems go, so why does not much seem to be happening? In scenario b) the January 2022 RNS - before the colour sorter delays were made public - said the expected completion date for cashew facility was April 2022. So, why then did they not buy more stock in the harvest of February 2022 onwards if full production was just 2 months away? Something doesn't add up on this point.

Re CPO, it might be a good thing if the January buyer has been cleared from the market. Akin to a DKL shareholder buying on the day of a positive RNS, whereas the prudency would be to wait a few days for the inevitable drop!