Share Name Share Symbol Market Type Share ISIN Share Description
African Pioneer Plc LSE:AFP London Ordinary Share IM00B8C0HK22 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -3.51% 2.75 19,660 08:00:27
Bid Price Offer Price High Price Low Price Open Price
2.50 3.00 2.75 2.72 2.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 1,800 2.50 GBX

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Date Time Title Posts
20/1/202218:33African Pioneer Plc - base metal exploration in Namibia, Botswana, Zambia47
07/6/202119:52Ј2m MTI investment in AFP1

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African Pioneer (AFP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-01-25 16:35:002.501,80045.00O
2022-01-25 16:35:002.501,00025.00O
2022-01-25 09:49:292.9016,860488.52O
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African Pioneer (AFP) Top Chat Posts

African Pioneer Daily Update: African Pioneer Plc is listed in the Mining sector of the London Stock Exchange with ticker AFP. The last closing price for African Pioneer was 2.85p.
African Pioneer Plc has a 4 week average price of 2.15p and a 12 week average price of 1.90p.
The 1 year high share price is 3.75p while the 1 year low share price is currently 1.90p.
There are currently 189,459,550 shares in issue and the average daily traded volume is 1,381,325 shares. The market capitalisation of African Pioneer Plc is £5,210,137.63.
soulsauce: Copper fizzing up nicely again while this still remains off the radar yet could be the next small producer. Lots of price monitoring, maybe struggling for stock?
spangle93: This reads like a very smart move. If First Quantum has major activities within 100km, I can't see that they will take anything like the proposed timescale to get after these licences, and AFP will benefit on the back of the momentum by being carried for the much of the pre-operational period.
spangle93: Over 5 million trades today... 😮 Only one other day with more than 2.5 million since the AFP launched
soulsauce: Indeed novicetrade. Excellent value at this price.
soulsauce: Worth posting this again for those that have not seen it as it came out over the Christmas break, thanks to buzzarn. hTTps://audioboom.com/posts/8003873-the-sunday-roast-presents-12-stocks-for-the-12-days-of-christmas-episode-8-african-pioneer-afp
buzzarn: https://audioboom.com/posts/8003873-the-sunday-roast-presents-12-stocks-for-the-12-days-of-christmas-episode-8-african-pioneer-afp
novicetrade68: News released today - 7k-8k tonnes copper per annum production target is nice to read - about 50%+ of what CAML yearly produces and they are a pretty big company (producing other metals too) https://uk.advfn.com/stock-market/london/african-pioneer-AFP/share-news/African-Pioneer-PLC-Ongombo-Project-Update/86847755
novicetrade68: Pity about the share price going down all the time, Sandfire is quite a big company though, still pretty hopeful the below should materialise sooner or later ...; +++++++++++++++++++++++++++++++++++++++ -Option Agreement Payments to APP: Sandfire will on 8 October 2021: 1) pay to the Group US$500K in cash in relation to the cash component of the option fee for the right to acquire the Included Licences; and 2) issue 107,272 Sandfire ordinary shares ("Sandfire Shares") to the Company with a current market value A$565K (approx. US$407K) based on the closing Sandfire share price of A$5.27 per Sandfire share on 1 October 2021 (being the last trading date before the date of this announcement) to settle the share component of the option fee and a guarantee fee due to the Company. The Sandfire Shares do not have any trading restrictions. Exercise and Option Period: The option can then be exercised within 2 years of the Option Agreement (the "Option Period") to acquire the Included Licences for US$1. Sandfire has the right to extend the Option Period by 1 year by the payment of a US$500,000 option extension fee. Exploration Commitment: Sandfire to fund US$1 million of exploration expenditure by the Company on the Included Licences (the "Exploration Commitment") within the Option Period and if the US$1 million is not spent, any shortfall will be paid to African Pioneer. Sandfire can withdraw from the Option Agreement at any time after meeting the Exploration Commitment. A Success Payment: a one-off success payment to be paid to the Company for the first ore reserve reported under JORC Code 2012 edition on the Included Licences which exceeds 200,000 tonnes of contained copper (the "First Ore Reserve") in the range of US$10 million to US$80 million depending on the amount of contained copper in the First Ore Reserve (the "Success Payment").
davemarn: Oh dear AFP what has happened here? Timely reminder Angus Energy 0.90p Positives • Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air! • Permitting and Approvals expected early December 2021 • First time in 2 years a Project is about to become a reality early 2022 • Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset • 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap) • £12m fully funded for Saltfleeby • Sidetrack to Gas Project Planning Permission in place to try and double output • £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment! • 2x Director Buys of 1m each mid 2021 • £8m potential funding with Aleph and Associates for a valid Geothermal play • 165m Warrants of £2.1m at 1.36p average potentially available • 26m Employee Options at 1.5p but fully vesting at 2p too Negatives • A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks! • A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO. • Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders • Geothermal Progress Seems Slow • Delays seem to bother some impatient traders but Aleph have stumped £12m loan! Share Price Predictions? • Harmonics showing 2-3.5p target? • Management believes 3.5p per share is Fair Value vs. 0.90p share price GLA WTFDIK DYOR
supercity: Interesting share - particularly like the Colin Bird link and Sandfires involvementAfrican Pioneer PLC Admission to Main MarketSource: UK Regulatory (RNS & others)TIDMASPRNS Number : 3075AAfrican Pioneer PLC01 June 2021THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.For Immediate Release1 June 2021African Pioneer Plc("African Pioneer", "APP" or "the Company")Admission to Trading on the London Stock ExchangeThe Directors of African Pioneer, a company engaged in development of the natural resources exploration projects in Sub-Saharan Africa, are pleased to announce that the Company's entire Enlarged Issued Share Capital comprising 189,459,550 ordinary shares of zero par value each in the capital of the Company ("Ordinary Shares") will today be admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange ("Admission"). Dealings in the New Ordinary Shares will commence at 08.00 a.m. (UK time) with ISIN IM00B8C0HK22 and TIDM Code "AFP".On Admission, the abovementioned 189,459,550 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, African Pioneer under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.Colin Bird, Chairman of APP, commented:"We are very pleased to have successfully concluded a GBP1.75M placing at 3.5p per Ordinary Share, acquired a suite of geologically attractive and geographically diversified copper projects in Namibia, Zambia and Botswana in Southern Africa and completed the Admission process. We also welcome copper producer Sandfire Resources Limited who are listed on the Australian Stock Exchange and capitalised at approximately A$1.2 billion as a 15% shareholder. The Company is excited to commence its exploration activities on its newly acquired projects in a region renowned for copper and looks forward to updating shareholders as it works to progress its projects all of which are highly prospective and provide the opportunity to add significant value to the portfolio ".Corporate Overview and StrategyThe Directors of APP have identified suitable assets in the mining sector based in Zambia, Namibia and Botswana and entered into share purchase agreements to acquire the following three companies:1) Zamcu Exploration Pty Ltd ("Zamcu") , which via its subsidiaries holds 70 per cent. interest in the two Namibia Exclusive Prospecting Licenses ("EPLs") located within the Matchless amphibolite Belt of central Namibia ("Namibian Projects");2) African Pioneer Zambia Limited ("APZ") , which holds 100 per cent. interest in the Zambian Prospecting Licenses (PLs) located in two areas namely the Central Africa Copperbelt (Copperbelt), which comprises four PLs and the Zambezi area which comprises one PL ("Zambian Projects"); and3) Resource Capital Partners Pty Ltd ("RCP") , which holds 100 per cent. interest in the Botswana Prospecting Licenses ("PLs") located in two areas namely (1) the Kalahari Copperbelt (KC), which comprises six PLs and (2) the Limpopo Mobile Belt (Limpopo), which comprises two PLs ("Botswanan Projects") (together the "Projects") (the "Subsidiaries") (together the "Group").Accordingly, as from Admission the Group will be engaged in development of the natural resources exploration projects in Sub-Saharan Africa, The Company's' main focus at Admission will be on evaluating and advancing the Namibian and Zambian Projects as the Botswanan Projects are subject to the Conditional Botswana Licence Sale Agreement as described below.The Botswana Projects have been acquired at an attractive purchase price of GBP350,000, as although unexplored, they are located in an highly prospective area for copper projects and it was the Company's original intention to conduct an initial 18 month exploration work programme to assess the prospectively of the Botswanan Projects and assess the best way of developing them. However, whilst working on the Admission, the Company was approached by Sandfire Resources Limited, listed on the Australian Stock Exchange and capitalised at approximately A$1.2 billion ("Sandfire"), who have a large established presence in the Kalahari Copperbelt, with a proposal to acquire the Botswanan Projects. The Company has seen this as an opportunity for Sandfire to take over ownership and responsibility for the exploration stage of the Botswanan assets whilst allowing the Group to share in the potential upside should the exploration ultimately be successful in establishing a mineable reserve. Accordingly, on 12 March 2021 the Company entered into a conditional licence sale agreement with Sandfire (the "Conditional Botswana Licence Sale Agreement") under which the Company guaranteed the sale to Sandfire following Admission of all the Botswanan Licences in return for a payment at completion of the Conditional Botswana Licence Sale Agreement of US$1,000,000 with US$500,000 in cash and US$500,000 by the issue of 107,271 Sandfire Shares (which will not be subject to any trading restrictions). Sandfire has the in-country infrastructure and technical expertise and financial resources to accelerate the rate of expenditure on the Botswanan assets by agreeing to fund a minimum of US$1 million of expenditure (compared to the Group's 18 month budget of US$176,000) and the proceeds from the sale to Sandfire will allow the Group to concentrate its increased financial resources and its management capabilities on its remaining two projects in Namibia and Zambia. In addition, as part of the relationship with Sandfire, they have agreed to come in as a cornerstone investor into the Company making a US$500,000 investment in the Company as described below.The Conditional Botswana Licence Sale Agreement is conditional inter alia on ministerial consent and applicable competition approval in Botswana. Upon these conditions precedent being met the Botswana licences will no longer form part of the Group. However, if the conditions precedent of the Conditional Botswana Licence Sale Agreement are not met by the long stop date of 30 September 2021 or such later date as agreed by the parties then the Botswana licences will remain part of the Group.Separately, Sandfire has subscribed for US$500,000 of interest free unsecured loan notes convertible upon Admission into Ordinary Shares constituting 15 per cent. of the Company's enlarged issued share capital on Admission. Sandfire will also have the right to nominate a director to the Board of the Company whilst their shareholding remains at or above that level and to participate in all future share offerings or subscriptions so as to maintain its shareholding at 15 per cent. in the Company.The Company's short to medium term strategic objectives are to enhance the value of its mineral resource Projects through exploration and technical studies conducted by the Company or through joint venture or other arrangements (such as sale of the Botswanan Projects to Sandfire) with a view to establishing the Projects can be economically mined for profit. With a positive global outlook for both base and precious metals, the Directors believe that the Projects provide a base from which the Company will seek to add significant value through the application of structured and disciplined exploration.The funds raised on Admission will provide the Group with sufficient money to undertake the exploration and assessment of the Company's licences in Namibia and Zambia and also in Botswana were the Conditional Botswana Licence Sale Agreement conditions not to be met before its long stop date of 30 September 2021 for at least 18 months. Details of these work programmes are set out in the Prospectus. As noted above, if the disposal of the Botswanan Projects to Sandfire proceeds, then the funds which would otherwise have been reserved for those projects will be available for the development of the Namibian and Zambian Projects and/or further acquisitions as and when any may be identified.Further information about the Company is set out in the Prospectus, which is available on the Company's website at www.africanpioneerplc.com and on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanismDefined terms in this announcement which are not defined herein shall have the same meanings as in the Prospectus.
African Pioneer share price data is direct from the London Stock Exchange
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