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

PAL outperforming its peers , my guess is its because its not based in Asia.

Food price changes Q1 2010 to Q1 2011

Source: World Bank Development Prospects Group

Maize


74%

Wheat


69%

Palm oil


55%

Soybeans


36%

Beef


30%

Rice


-2%

Good intentions but bad PR , he should have stood up and showed the people the envelope and told them what the money was for.http://liberianobserver.com/content/new-oil-palm-company-admits-misstep

9 May 2011

Equatorial Palm Oil Plc

("EPO" or the "Company")



Inauguration of Liberia's first commercial Palm Oil Mill



and



First sales of Crude Palm Oil achieved



Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, is pleased to announce the inauguration of Liberia's first palm oil mill (the 'Mill') at its Palm Bay Estate in Grand Bassa County, by the President of Liberia together with the commencement of Crude Palm Oil ('CPO') sales.



Liberia's First Commercial Palm Oil Mill

The US$3 million Mill was inaugurated following eight months of construction and testing, including the processing of oil palm bunches. The plant is currently processing 30 tonnes of fresh oil palm bunches ('FFB') daily sourced from the surrounding 3,500 hectares of existing oil palms rehabilitated by the Company over the past 12 months. An additional 1,200 hectares are being prepared for the 2011 planting of new oil palms currently in the nursery.



Daily production is averaging five tonnes of CPO per day at an extraction rate of 17%. Production is expected to rise as the Mill reaches full capacity in July 2011 with output in the order of 15 tonnes of CPO per day.



First Sales of CPO

First sales of CPO in to the Liberian market occurred during April and a larger sale tender process is to be undertaken during May.



The Mill was inaugurated by the Liberian President, Ellen Johnson Sirleaf, who attended and spoke at the event expressing her appreciation of the work completed and the importance of this project for Liberia. Also in attendance were other national and local government decision makers.



During the visit to Palm Bay, the President also saw the rehabilitated areas, land prepared for new planting, the nursery with over 200,000 young palms and a primary school established and operated by the Company. In the latest of several local charitable and community development projects being undertaken to improve the social well-being of the communities in which it operates, the Company was pleased to present a cheque for US$25,000 towards a new local women's market in the nearby town of Buchanan, which will have over 100 stalls for trading of goods and local produce.



Michael Frayne, Executive Chairman, commented:

"The inauguration of the Mill and commencement of CPO sales are two important milestones for Equatorial Palm Oil as the Company continues with its development plans to become a significant palm oil producer in the West African region. The Mill is a tangible example of the Company's continued investment providing a positive benefit for Liberia as it drives to create additional value for shareholders.



The Company seeks to continue planting and developing additional land areas to reach its planting target of 1,200 hectares in 2011 increasing to higher planting rates in subsequent years."



The Company will provide a further update in its statement of results for the year ended 31 December 2010 expected to be announced at the end of this month.



Enquiries:



Equatorial Palm Oil plc

Michael Frayne, Chairman




+44 (0) 20 7766 7555

Shore Capital & Corporate Ltd.

NOMAD and Joint Broker

Pascal Keane

Edward Mansfield






+44 (0) 20 7408 4090



Mirabaud Securities LLP

Joint Broker

Peter Krens






+44 (0) 20 7484 3510

Pelham Bell Pottinger

Financial / Corporate PR

Charles Vivian






+44 (0) 20 7861 3126



Notes to Editors:

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?