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CPO closed at $825 yesterday: http://www.palmoilanalytics.com/price/16
PKO closed at $1000: http://www.palmoilanalytics.com/price/13

@1IFA - let's say your average price per share is 0.03p so that your 55M cost you £16,500. You will end up with 233050 HE1 shares (minus fractional share) giving a unit cost of over 7p per HE1 share.

Spare a thought for long term AOGL holders from 0.14p - they are effectively paying 33p per HE1 share.

On the plus side, Helium mining is very hot! With limited London opportunities, HE1 could soar over time. Also, most AOGL holders and existing HE1 holders are underwater at the 2.84p price so there is a good chance at least 65% will be held long term. And Helium fundamentals are very strong, demand is high and rise, supply is limited and dwindling especially as investment in O&G exploration and development has been curtailed in 2020.

236 AOGL shares = 1 HE1 share
236 @ 0.012p = 2.84p per HE1 share.
At 0.03p today people are paying 7p for 2.84p.
If you hold on till admission your P&L depends on the HE1 opening price and your cost price (236 times your AOGL unit price).
If you paid 0.012p or more per AOGL you need HE1 to open above 2.84p.

Apparently many long term HE1 holders are deeply underwater so they may chose to hold post admission.

Current HE1 holders will own 50.9% of merged company, AOGL holders get 15% and new holders from placing own 34.1%. A lot depends on how many of those new holders want a quick return on their shares.

Quick calc shows Concordia is paying over 4p per DKL share in that deal. That's a 33% premium to the closing price on 30-May-2019 when their investment in Pearlside was announced, never mind the premium to today's price.

Not dilutive IMO. 38% shared by 100 mouths becomes 52% by 106 mouths; more mouths but bigger portions...

It turns out there is no typo, and one doesn't need a PhD in Quantum Physics but one does need to refer to the May 2019 RNS alluded to in today's announcement!

Yep - it is a great deal for both sides. I believe it is cheaper than the exercise cost of the 16.7% option (which is still on the table).
BTW, I think the RNS has a typo and DKL's holding has increased to 58% ( not 52%) seeing as they already hold 43.8%. Either that or my obvious lack of the PhD in Quantum Physics required for basic financial mathematics has finally tripped me up!

Yes... although, name dropping "Ocado" into a story like this only serves to fuel dreams and speculation... Ocado's tech was and is extremely valuable IP founded on real investment, science, research and development i.e. not just a few lines of code, app and database which any mediocre tech team can knock up.

The only place where DISH is worth any number of millions of £££s is in the heads and dreams of its shareholders.

@jk400: my exact jottings on that question was:

"Effect of plantings since 2012? Fruit levels anticipated to increase by 30-50% over coming years… hoping to push past 40,000 tonnes CPO production to 50,000 tonnes…"

I actually had a gap on the % range and relied on your notes to fill my gap! I hope to listen to the recording to ascertain.

Oh, forgot to add, WINS' official quote is 2.0p v 2.8p. So with their mid at 2.4p they can happily sell at 2.5p.

Agreed. The stock exchange flags all of yesterday's trades as "negotiated" trades, i.e. not the usual quoted transactions.
https://www.londonstockexchange.com/stock/DKL/dekel-agri-vision-plc/trade-recap
From recollection, there have been quite a few of these negotiated trades over the last week. The exchange unfortunately hides older trades on their website so those details are no longer verifiable.

Thanks jk400, your notes fully matched mine and filled in my gaps!

"They are able to keep track of individual source of each batch of FFB. Couldn't quite make out what benefit is of this, but I guess it must of some use." - This was Shai answering the RSPO question...

Actually, it was up 4.26% before the first trade. SCAP upped their quote at 08:02 and joined the other 4 MMs on the same bid/offer - rare seeing all MMs on the same quote. As it currently stands, the bid is strong and will likely improve if buyers show their hand.

edit: post above should have said Sierra Leone, not Senegal.

https://research.arden-partners.com//view_repos/_31030589-702c-4dbf-a1f8-19b516ec808a.pdf

Requires registration - just an email for login. It is a full report, 44 pages, covers palm and cashew operations, touches on renewable energy project. IMO, it is informative, contains public headline information but also some new detailed data, explanations, charts and financial projections. Of course, it is paid-for marketing, not impartial, with usual disclosures.

@RetiredBanker: you are correct in your assessment - Africa is a growth market and food is a necessity.

"Africa" is a gigantic generalisation. Significant growth has occurred in some parts, just not yet Mozambique! At least not over the last 5 years. And no one can guarantee anything over the next 5 years! Even with the current m/cap of just £850k one could still easily lose a small fortune in this share. Still very much a risky venture!

The current board is entirely different from Phil Edmond's crew. His people dropped off like flies after Caroline became the chair person, his CEO fell when Hamish put money in.

Whilst completely unobservable from the share price Caroline and Hamish have the company on a tighter leash. One of her first acts was to ditch the company airplane, exit Senegal and bring in new equity. Over the last reported period she slashed group central costs - lord knows why they were ever so high. At $41k she's the highest paid board member for two weeks a month's work. The others receive roughly $10k p/a - not quite "thieving bastards" level.

My impression is that Caroline and Hamish are finally inflating the company with "honest management" as RetiredBanker put it. My understanding is that a new in-country CEO will be appointed soon which will allow us to assess progress.

Mozambique's recent sad difficulties have actually played to the company strengths enabling materially higher distribution through NGOs. Combined with new distribution into the "informal" market and rising maize meal prices, FY20 & FY21 revenues should see a material uplift.

That said the company faces serious short term macro headwinds with the high national lending rate and weak currency. The lending rate is gradually dropping - now roughly 16% but the metical's weakness will pretty much reverse any gains because the company reports in USD. The exchange rate might stabilise in the future as a consequence of FDI for the LNG project in Cabo Delgado - the US DFC recently approved a $1.5bn political risk insurance deal in support of the project.

"I would email you via your website but 100% of my previous emails have been ignored."

Ah! At least I now know it wasn't personal!
Pretty poor IMO that they've either got no-one monitoring it or the fella is simply ignoring contact emails.

Yes, AFAIU, PKO infrastructure is capable of processing other oilseeds. See the 4th paragraph of this FAO document: http://www.fao.org/3/y4355e/y4355e04.htm

Mill utilisation is never 100% - I asked a while ago and was told it is c. 75% in the high season and between 25% - 30% in the low season.
I think the new commodity will be another oilseed with a different high season or one that can be safely stored for processing during the palm low season; presumably high value enough to justify the bother... my uninformed guess is coconut oil or cottonseed oil.