Member Info for rugs

Tex. PAL used to be good at answering emails but recently mine have not been answered. Good luck !

FK1
You should know by now that the definition of a mine is a hole in the ground owned by a liar..

Rgds

for the posting.
Have just made my 64th purchase of DKL shares. Okay have made a considerable number of sales over the years, generally to make my average cost look better. Its now down to 4.8 which I hope can be achieved this year.

Is all it took for the buyer of 57,983 shares to decide to get out without losing too much...

On a more serious note I really do think the share price is unnecessarily depressed. But we need others to feel the same way before we can see a significant bounce in the price.

should support the price.

Yes, and it's pretty bloody obvious that the news of this placing was known to some last week which is what hammered the share price. A disgrace which doubtless will not be explained.

what the heck has happened to cause this collapse ? What info have I missed ?
rgds

my broker is poor, the 3.625 trades are sells not buys. As of 0900 this morning it's 3.70 to buy and 3.625 to sell.

And precisely 38 minutes after posting we see a sale of 50000. I admire you timing FK1

was all it took for the buyer of 300,000 to sell them....
Doubt it is a b&b trade as I can both buy and sell at better rates, but it is good to see the spread narrowing to 0.05-0.0-6 p
Problem is, as I see it, if the last quarters figures are good and the price rises to 4p+ then we might see sales from some who bought in at around 2.5 in mid December taking a quick profit.

spooked the 5 pct fall today ?

so far today best I can buy at for amounts 100,000 upto 1 million is 0.695
For sales its 0.655
rgds

It was good to see the large sale was at the market price at the time and that the seller did not need any reduction to get it done.

I bought into PAL back in August 2015 and still hold shares. I think it is a well run small producer of CPO. i can understand why they closed Butaw, simply not economic, but Palm Bay alone does not allow them to fulfill their potential. I suspect they are trying buy additional ffb but these bunches have a very short processing life and the infrastructure is not ideal. In the dry season they can get around 4000mt ffb a month and less in the wet season. Their extraction rate is close to 25pct. this means we are talking about a maximum of 1000mt cpo a month. the new storage facility at Buchanan has a capacity of 3000mtcpo. The only shipment so far made was one of 2700mt. I expect the next shipment to be towards the end of the first quarter provided they dont sell much domestically. The recent rise in the cif rotterdam cpo price to over $ 800 will help all producers, but remember they have production, transport, fertilizer and processing costs to take into account . Good luck to all holders.

Come on Suhail give us a break. I know you have bought a considerable number of shares recently but the more you pump it the lower the price seems to get. We all get the message that you believe KLK will pay a big premium to get the rest of the shares. I just continue to wonder why they need to bother as they own us already and our output is peanuts to them..
rgds as always.

Well done, again. Weird thing is my broker has raised his selling price slightly from 3.54 at opening to 3.60 as of 1245, but reduced his buying price to 3.42 from 3.45

Golfnut, looks a pretty full and accurate assessment. The investment by both AgDevCo and Aris were, to my mind, also important developments earlier this year. Where have you been hiding ?

rgds

Suhail. I would be surprised if it were Blakeney. They take a long term view of most of their African investments. Could be Lee moving his holding around. He held 17m and maybe as it is under 5pct he is not required to put out an RNS. ( am still not sure with AIM companies with offshore business whether the limit is 3 or 5pct.) None of the other institutional shareholders, aside from LGEN has more than 4m shares. Last I heard these were Hargreaves, HSBC, Walker Crips, Jarvis ,S&W , plus Fiske, Peel and Winterflood. But all told probably only about 18m amongst the lot of them. Let's just watch and wait. rgds

If the PAL price reaches the level you are hoping for its not Bollinger bands that I will be celebrating with but the real stuff...

Happy Christmas to you and all other lt holders.

this morning raised his selling price to over 167. Smart move in view of all the activity !
Good Christmas to all and keep the market numbers coming JL.