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

offer now 20p + 0.25

Doing nicely.....sp steadily climbing....

Investor subscription update

Further to the announcement of 26 August 2010 Equatorial Palm Oil plc, the AIM listed Liberian focussed sustainable oil palm plantation developer, is pleased to announce that Andrew Milne has, under the Investor Subscription Letter (the 'ISL', as described in the Company's AIM Admission Document dated 26 February 2010), has subscribed for 2,000,000 new ordinary shares at a price of 17.5p per new ordinary share raising 350,000 for the Company.

The enlarged issued share capital of the Company following the issue of the 2,000,000 new ordinary shares will be 116,751,670 ordinary shares. Application has been made for the Placing Shares to be admitted to trading on AIM and the Placing Shares are expected to commence trading on 14 October 2010.

20p bid now and I see NBPO is also up

21p.....at least this is rising....

Crumbs !....it's taking off...

We have lift off again , and profit taking.

NBPO having a better day then PAL

http://www.britishbulls.com/StockPage.asp?CompanyTicker=PAL&MarketTicker=Consumer%20Goods&TYP=S

Some big late trades yesterday now showing

Not in this at the moment having banked my profits....

Someone as paid 30,450 for 140,000 shares @ 21.75

http://www.epoil.co.uk/EPOPresentation030910.pdf

On the move up this morning

Oil has been shooting up....so palm oil follows...

485,000 buy after the close

tipped in T1PS today.

Summary paragraph as follows:-


'Brokers forecast their cashflows on the basis of a price of $750 a tonne for the oil. This is, as it happens, below the current market price and I do expect that price to increase materially during the current decade. But even on these low price models, the company should (via its 50% share of the JV) be generating at least GBP12 million free cashflow from 2016 onwards with that number increasing at a rate of 20% per annum as new trees come onstream. The sensitivity to a higher palm oil price is pretty massive so there is real upside in this regard.
So what is the end game? The company could, like other plantation companies, simply use its surplus cashflow to pay dividends. My guess is that Siva will seek to gain control and take its turn via a trade sale, but that is a way off. The question is what is EPO worth? Using the fairly conservative pricing assumptions, assuming all warrants and options are exercised then I arrive at a number of 45p per share. The house broker's model is 35-53p per share. However, I am not utterly convinced that Liberia will remain the happy multi-party democracy Hilary Clinton says that it will and as such my inclination is to apply a significant risk weighting to the stock. Having risen from my 12.5p tip through the 15p limit buy price, I currently rate this a hold for those already invested. However, considering the strong potential upside still available, for those not already in who accept the risk of investing in Liberia, I am happy to rate the shares a buy.'

Investors Chronicle had a short term target of 35p this week, can someone copy & paste it on here

http://www.themalaysianinsider.com/business/article/palm-oil-may-top-rm3300-on-weather-concerns/

look's like punter's are switching from NBPO down 2% into PAL. Maybe the weather forecast is better were we are ? read link above.