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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.
In February 2022 the Group announced a further royalty deal in Inflammatory Pulmonary and Cardiovascular diseases with Conduit Pharmaceuticals Ltd ("Conduit") and SGSC to receive 5% royalties. Payment of 1.88 million of which 1 mill to be paid by shares of Cizzle at an executed price of 4p - That was a good deal for the company :)
Could not ask for better results given the current Macro economics - Results ahead of management expectations with Full year results expected to be materially ahead of expectations - Well done to the board
It will be interesting to see the half year results regards what 10% royalties in China and 15% royalties in the USA actually equates to in revenue. Trying to understand how much is future based royalties v if they are actually selling any right now. If its future based what sort of timescale are we talking about ??