African Potash Share Discussion Threads

[tanboy1950] 07/12/2016 11:03

BID 0.02 THE END IS NIGH

[bsg] 07/12/2016 10:36

They may be able to raise money, but at what share price, .01p. Not a lot of cop for anyone apart from keeping the BOD in their jobs.

[cgee1] 07/12/2016 09:20

ISDX may well be a lobster pot but raising money is impossible??? How come Doriemus PLC have done just that???

2 December 2016

Doriemus Plc

("Doriemus" or the "Company")

Issue of Equity to fast track UK onshore oil investment strategy

Doriemus (ISDX: DOR) announces that it has raised GBP250,000, gross of expenses,
through the issue of 714,285,714 new Ordinary Shares of 0.001p each in the
Company ("Placing Shares") at a placing price of 0.035 pence per share with
private investors ("the "Placing"). This Placing is to raise funds to assist in
progressing possible investment opportunities that the Company is currently
reviewing and to ensure that we have sufficient working capital available to
keep up with anticipated expenditure with respect to increased onshore UK oil
drilling activity.

[sweet karolina] 07/12/2016 08:57

ISDX is a lobster pot. When there is a dual listing some trades get put through ISDX, however when just on ISDX there is no liquidity. Raising new money, which AFPO have to do to survive, is impossible.

[induna123] 06/12/2016 16:57

bsg
6 Dec '16 - 11:31 - 13082 of 13090

If AIM is a casino, what is ISDX?


Bingo Hall?

[comedy] 06/12/2016 16:42

so pump action tomorrow???or do we get the brave holding for return of the "jedi"???

last day reprieve???

[traidemark] 06/12/2016 16:00

Very amateur. So I knew they wouldn't be suspended on isdx. But they didn't Jeez.

[tmmalik] 06/12/2016 15:32

Last interesting hourClose at 0.4 or 0.7??

[joosepi] 06/12/2016 13:09

AFPO.GB Quoted on ISDX?

[pjj71] 06/12/2016 12:11

I wonder how much AFPO money now sits in a private swiss bank account??

[noirua] 06/12/2016 12:00

AFPO may become a no cash shell. Only positive will be losses against future profits.
Plus some 'so called' Cleverly lies may turn out to have truth in them after all.
If acompany loses its market quote completely then prepare for a long wait - maybe 10 years.

My problem stocks are:

ASX:UXA - suspended for 4 years but still surviving. Hit by Japanese nuclear disaster in 2011 and major storms in Queensland. On its knees now.

ASX:JMS - suspended nearly 2 years due to iron ore downturn and low Manganese prices. Coming good this one now and main reason Red Rock RRR have recovered in price. New market quote expected late 2017.

AIM:NGL ASX:NGX - suspended nearly 4 years on gold disaster after disaster. Tipped once by TW - has apologised for this one. 2 miners killed in 2015 and cavin collapsed. Still struggling on supported by Tulla. On its belly praying for help this one.

HK:LSH - hived off from Univision UVEL. Private company with Chinese property. Caught in Arbitration proceedings and other hold ups since 2011. If it sells at two thirds asset value I'm a millionaire in one stock. However, it could just evaporate.

ASX:TON - In administration early 2016 so thought I'd lost the lot. Came back to market on loads of hype and sold today for 45% profit.


Anyway. A guide to out and out punts - good luck.

[traidemark] 06/12/2016 11:52

Check out ten ! Now for. Suspended on aim but not on isdx

[comedy] 06/12/2016 11:45

casino son?

[bsg] 06/12/2016 11:31

If AIM is a casino, what is ISDX?

[aidenabettin] 06/12/2016 11:14

Trading expected to commenced on the 8th.Admission to ISDX through fast track applicationhttp://www.isdx.com/companies-prices/new-applications/

[comedy] 06/12/2016 11:10

same here duxy...so cash shell???? in future???

[sweet karolina] 06/12/2016 11:09

"The Company understands that in the event that trading in its shares on AIM is suspended, trading in its shares on ISDX would also be suspended."

Why would the company say that if it were not the case?

They have followed the simple automatic dual listing path, which is different to applying for an ISDX listing in its own right. Once delisted from AIM they may be able to go through an ISDX readmission process which would involve more checks on the solvency of the company. However the company is insolvent and needs to raise cash desperately. Bucket shops will not be able to flip so what would be required is a new investor.

The chances of being able to trade shares on this ever again after tomorrow are extremely small and the reward for taking that long shot are nowhere near as large as people imagine. Ultimately this is a bad company, badly run, by bad people. That is why it is in the position it is currently in. Once the AIM listing has gone it can't even be used as a shell. for something better, run by better people.

Everyone needs to make their own investing decision, but this really is just a long shot gamble for which the risk reward balance does not make any sense. You are better off buying national lottery tickets, at least the odds of winning something are not too bad, even though the odds of winning the jackpot are tiny. Here the odds of losing everything are around 99% and the scale of reward for that 1% long shot are tiny by comparison - for it to make any sense to take such a long shot the reward would need to be at least a hundred bagger not a few hundred%

[themattbarnes] 06/12/2016 10:54

No need to suspend, but no liquidity on Isdx to raise the cash this company needs.Watch it go to isdx and fail in 3 months is my view.

[aidenabettin] 06/12/2016 10:53

It's called procedure and has to be followed

[traidemark] 06/12/2016 10:49

Then they are creating an incorrect impression as people are clearly selling fearing total suspensionWhen in fact it's not the case ! There is no need to suspend on isdx. When this penny drops the share price could well explode.

[traidemark] 06/12/2016 10:30

Then they don't need to suspend isdx if the suspend on aim. Which means you can still trade.

[aidenabettin] 06/12/2016 10:22

ISDX don't have NOMADS they have CORPORATE ADVISORSAFPO'S advisor is GUERNSEY based

[traidemark] 06/12/2016 10:16

Interesting. Why apply for an isdx listing if your not confident of obtaining a nomad. Should I or shouldn't I. Another bet with massive upside if it comes off. Expect 400 % plus if it's announced.