sp reacting to to RNS confirming funding available to develop their palm oil concession in Liberia.

http://www.bbc.co.uk/news/world-africa-13688683

Mentions PAL:

Equatorial Palm Oil
With an ambitious Indian jv partner & shareholder underpinning it financially, EPO has moved fast to rehabilitate an initial 3,500ha and to inaugurate a 30 mt / day mill. Planting of a further 1200 ha within 2011 is reported to be on track.

So good to hear that they are on track for this year. We always knew this would be a slow and steady riser, and Mirabaud reckon it takes 3 years for planted palms to come "online" as it were, so going by their research note we should be at 6,000 mature and planted palms by next year (for a mkt cap of $73.0m based on current mkt cap/hectare), rising to 49,200 hectares of mature palms by 2020 (for a mkt cap of $600m). For reference, our current market cap is about $34m depending on the FX rate.

If our $ mkt cap per hectare were to rise to that of New Britain Palm Oil (and by then we would be a fairly decent sized producer), the market cap would be $1.2bn for a share price of about 6 assuming an FX rate of 1.6 and no new shares issued until then. That's a 35 bagger in 9 years, I could live with that...

Time to top up?!

sorry aldo, but damn fool idea if you ask me - see post 66

Post 66 "unstable and corrupt country (unlike indonesia of course!)" ........... not so corrupt now with new lady President , and a lot of new investment coming into the palm oil industry in west Africa, and its the only company with a up and running processing mill

And TFC has a holding , at the last time he made an appearance.

Watch it aldwickk, you will have Harrycat and cynic saying have you not got anything better to do on a Saturday afternoon then trawl through old posts. Harry will suggest going and doing his garden or walk the dog. I have turned this offer down. lol
you may get the job at 5/hr

Slight upward movement today , at last.

(01 Aug, 2011)
Palm oil gained for the first time in three days, joining a rally in commodities and stocks, after President Barack Obama said Congressional leaders reached an agreement to raise U.S. debt ceiling, avoiding a default.

Sold all my PAL shares , and put most of the proceeds into VGM and NYO

Did you fall out of love with them aldwickk?

anyone still in..?

Can't see no reason why it won't recover , just like the market I don't know when .

A treble negative :-)

Hope you took a fw profits ald.

2012 should be a transforming year for PAL as production ramps up.

lol.

I agree Halifax

movement - but no news I've seen?

I noticed that , like to buy back in at some point

Now looks like a good time - the new mill must be performing well judging by the move northwards

Yes , I bought back in @16p

http://www.citywire.co.uk/money/david-kempton-neglected-palm-oil-companies-get-my-cash/a572589