Member Info for maddogmcree

Normally I see an RNS placing and sigh but this is good news, significant funding at very little discount, strengthened balance sheet. I think the Market will like it and unlike many placing announcements I believe by the end of the day we will either be unchanged or dare I say it BLUE :)

Added to my watch list - happy to wait to see if the bottom has been reached even if I miss out and buy in at 60p. Just would like to see current trend reversed and the company states the more significant income geared to second half of 2023. Even if I get in at 60p its is still a long way below the £1.38 placing price so I will still be happy

I have to admit that it reads very well and reminded myself why I was invested. I would be ecstatic if we could get to 36p where to be honest I would top slice. This has always been the heaviest percentage of my portfolio and I have wondered why fair value has not been reached. I got my son to invest as well as his first stock and I would like his patience rewarded.

no but like you happy that they are prepared to invest so heavily, their research will be far deeper than mine so happy to be on board :)

Sorry meant to say last year was 7 month figures - apologies ( 5 month shut down of operations

It would appear the markets and buyers are gaining confidence by the day that with China relaxing rules around covid and production exceeding expectations in December along with expected revenue increase with 12 month production this year rather than last year's 5 month figures this could well meet Zak's £1.40 estimate. Just need everything to tick along nicely. In a weird way I would rather no communication until next trading update.

UOG MC £7m, 1,312 boepd net, Net Debt approx. $1.5m (2021, Net Debt $5.5m
The rest of the rns states falling boepd as well matures 700-900 so with new capex and income falling may need to raise money - just so you know

Leon if you read the bulletin boards it would be nice to hear news one way or another as you stated

"With the now proven processes in the South, the Company expects to receive the final recommendation on capacities from its design teams by mid-January 2023. I look forward to updating shareholders in this regard."

We small shareholders like to be kept in the loop just as I know you are . We are all in this together

£1.4 mill in the bank with cap expenditure of £4.4 mill. £5.7 mill to come at some point from sale, depending when that will arrive , the company may be crossing it fingers for a bit. Net debt of £1.5 so basically debt free. Company worth £8 mill at current share price so would agree undervalued, buy back will help but Egypt asset maturing so need to determine where longer term future income is coming from.

Agree Rivaldo just hope we get rain earlier this year for a better Harvest, still under following last year harvest despite the record prices

I feel poor now :) only hold 65K but it is 25% of my portfolio

57% increase in revenues, why is this not RNS'd

the fact that we can get financially close to last year with what was our worst year regards harvesting FFB's is what is encouraging. If we get the rain earlier this year and even a normal harvest and we will be setting new financial highs

Comeon - the only thing for certain we be that we will be the last to find out - lets just hope its good news

What I would say to add to the comments made is Leon could support the share with a buyback if the company is heading to significant cash gains as he says then it would surely be wise for the company to buy its own shares at this lowly price???

I think in the current climate delivering the expansion, increasing cash flow and an increase of 4.4p in net asset is still a good year and well placed for the next 12 months. It creates a solid foundation for growth and whilst not spectacular will still be seen in a positive light

The interim finance that is required will strengthen the bidders hand and weaken the Sellers so this remains with risk. Even if offers have been raised it might not meet the board’s value and then they will have to consider financing the future. People need to see that there are two sides to this rns

I was lucky to hold xcite I bought in at £1 (£2000) watched it fall over a year to 2p and then climb , wife made me sell half at when it returned to £1 and I held the other half till it reached £2 and then sold so my investment over a 2year period made 50% profit on £2000 but yes I thought I had lost the lot at one point

Something that you might have missed Jan is at 37p was the share overpriced and the fall in part due to this as well as the windfall tax in which case the POO will need to rise even further , just adding a different scenario to give a balanced view

I remain positive following 10th May RNS , "- overall, despite the weak FFB volumes, the Company is delivering a strong year-to-date financial performance driven by high CPO and Palm Kernel Oil ('PKO') prices, in addition to the relatively greater extraction rate compared to prior year.
Cashew Project
Colour sorter due to arrive in the coming weeks and the shelling machines shortly thereafter which will enable Dekel to significantly increase production.