African Pioneer Share Discussion Threads

[bigglesbingham] 24/8/2022 08:35

Just wording that company windup would register as an incentive event - very strange

[pranchalee] 23/8/2022 17:25

These licenses won’t be failures biggles.

[bigglesbingham] 23/8/2022 17:21

Just stood out to me like a sore thumb. I'll give benefit of the doubt but don't like rewarding failure

[pranchalee] 23/8/2022 14:38

Yes but same for takeovers and mergers

[bigglesbingham] 23/8/2022 14:18

So if they wind up company incentive scheme gives up to 5% to directors or employees have I got that correct? That doesn't sound great

[bigglesbingham] 23/8/2022 10:34

Tell me about it ha ha just got to be realistic

[soulsauce] 23/8/2022 08:08

Indeed pranchalee especially in the current market 😏

[pranchalee] 23/8/2022 08:05

Soul at this share price it’s a matter of building a comfortable stake in Afp and sitting back,but patience can be trying.

[soulsauce] 23/8/2022 08:00

Interesting development. Not the news we were hoping for but decent nonetheless.

[pranchalee] 22/8/2022 11:01

Cheers soul

[soulsauce] 22/8/2022 10:44

No pranchalee.
He has said at Glr that he will just let the big boys get on with the work and not bother them so don't expect anything from First Quantum or Sandfire until they are ready.
So it is Namibia we are waiting on and I suspect assays are getting held up just like anywhere else.
The mining licence is not in our control as frustrating as it is.
Hopefully he can update a bit tomorrow.

[pranchalee] 22/8/2022 10:29

Do you think he has forgot all about Afp soul,great licenses in three countries just need that license and drill bits turning.

[soulsauce] 22/8/2022 09:59

AGM tomorrow. Update please Colin :-/

[pranchalee] 11/8/2022 07:30

Don’t be surprised if those Namibia early drilling results start to appear before the agm,agree with biggles this could easily double in the coming weeks/months.

[bigglesbingham] 10/8/2022 20:51

That's the issue here he's very charismatic he disappears and ..........

[bigglesbingham] 10/8/2022 20:48

Nope but at these prices I see a swift double here

[soulsauce] 10/8/2022 17:22

Lol baby steps I think Plasybryn.
Well Colin is moving things along nicely at Glr so hopefully he will turn his attention to this next 🤞

[plasybryn] 10/8/2022 17:14

Well done soulsauce. Patience being rewarded perhaps.

[soulsauce] 10/8/2022 15:54

Might be something to do with Ariana having well over a billion shares in issue as opposed to 170m.

[the dark horse] 10/8/2022 15:48

Yes, all companies ask for this but I don't recall Ariana asking for 105% ie doubling the shares in issue? I thought 10% was the norm but maybe I am just naive

[pranchalee] 10/8/2022 15:44

Thanks mate

[soulsauce] 10/8/2022 15:36

Boiler plate stuff as far as I understand it. The recent Ariana agm has very similar stipulations.

[the dark horse] 10/8/2022 15:30

Here you are, part of AGM schedule

7. THAT, pursuant to and for the purposes of the Company’s Articles of Association (the “Articles̶1;), the Directors be generally and unconditionally authorised to exercise all the powers of the Company to:
a. allot ordinary shares of Nil par value each in the capital of the Company (“ordinary shares”), and grant rights to subscribe for or convert any security into ordinary shares, up to an aggregate number of Two Hundred Million ordinary shares which is approximately 105% of the current number of ordinary shares.;
8. THAT, subject to and conditional upon the passing of Resolution 7, the provisions of Company’s Article 5.2 of the Articles requiring equity securities (as defined in the Articles) proposed to be issued for cash first to be offered to the members in proportion as nearly as may be to the number of the existing ordinary shares held by them respectively be and they are hereby dis- applied in relation to:
a. the allotment of Two Hundred Million ordinary shares;

So existing shareholders don't get the same offer so its good for sweetheart deals ;-)

[the dark horse] 10/8/2022 15:14

Read the RNS re AGM and if you re so minded read the Chairman's letter on web site dated end july. All in there for public consumption.
Hasn't put me off grabbing a few at 2p - can't match todays first trade but 100k will do
GLA
TDH

[novicetrade68] 10/8/2022 15:06

2,630,798 @ 1.95p