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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Potash | LSE:AFPO | London | Ordinary Share | GG00B4QYTJ50 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/4/2016 12:45 | Where's Wave when you need him? I hope he's not down the station helping with enquiries! Typo, don't know where the "not" came from. | andypop1 | |
22/4/2016 12:14 | The Bridge Loan will provide funding to the Company to bridge its short term working capital requirements for the next 3 months. If the Company is not able to generate sufficient cash-flows from its trading operations after that three month period to cover its ongoing working capital requirements, then further funding will be required. | pokettens | |
22/4/2016 12:09 | Windbag had a 0p price target on quindell didn't he | the bull | |
22/4/2016 12:02 | In the event of default under the provisions of the Bridge Loan (including a failure to make interest payments), the lender may require the Company to conduct a placing (at a 30% discount to the share price on the day preceding the date on which an application is made for admitting the placing shares to trading) to raise funds to satisfy all outstanding sums plus an additional facility fee of 5%, or elect to convert all sums then due into new ordinary shares in the capital of the Company (at a price per share equal to 90% of the lowest daily VWAP of the 20 trading days preceding the date of the conversion request) | 12bn | |
22/4/2016 11:49 | Log lorry true. The terms of the loan dictated that if no trades had produced fruit a placing or other means would be required to pay it back. Wonder what will happen now. | pokettens | |
22/4/2016 11:30 | Some nasties in that little family loan imo. | 12bn | |
22/4/2016 11:27 | loglorry1 you are right,here it is.RNS Number : 6532H African Potash Ltd 02 December 2015 African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining 2 December 2015 African Potash Limited ('African Potash' or 'the Company') Unsecured Bridge Loan African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations in Africa, announces that it has signed an agreement for a bridge loan with a term of 9 months for an amount of GBP750,000 ('Bridge Loan') from Katrina Clayton, the wife of Neil Clayton, the CFO of the Company. A fee of GBP60,000 (8% of the loan amount) applies to the Bridge Loan and results in a total amount of GBP690,000, which may be drawn down with immediate effect. The Bridge Loan will provide funding to the Company to bridge its short term working capital requirements for the next 3 months. If the Company is not able to generate sufficient cash-flows from its trading operations after that three month period to cover its ongoing working capital requirements, then further funding will be required. An interest rate of 1.5% per month over the 9 month term is charged on the Bridge Loan and is payable in arrears on the amount of the loan outstanding at the start of each month. The Bridge Loan will be repaid in full on the earlier of 1 September 2016, completion by the Company of an equity financing which raises more than GBP1.5m and completion of any non-trade finance debt financing. In the event that the Company fails to make any payment of interest due under the Bridge Loan, a penalty of 1% per week will apply on any unpaid interest amount and will accrue daily. In the event of default under the provisions of the Bridge Loan (including a failure to make interest payments), the lender may require the Company to conduct a placing (at a 30% discount to the share price on the day preceding the date on which an application is made for admitting the placing shares to trading) to raise funds to satisfy all outstanding sums plus an additional facility fee of 5%, or elect to convert all sums then due into new ordinary shares in the capital of the Company (at a price per share equal to 90% of the lowest daily VWAP of the 20 trading days preceding the date of the conversion request). The Bridge Loan is deemed to be a related party transaction pursuant to AIM Rule 13. The Independent Directors of the Company, having consulted with Cantor Fitzgerald Europe, its nominated adviser, consider that the terms of the Bridge Loan are fair and reasonable in so far as its shareholders are concerned. African Potash Executive Chairman Chris Cleverly said, "This bridge funding enables us to continue to make progress in the transformation of our business and illustrates the faith and commitment of senior management and their families to this project, as we remain focused on the roll-out of our integrated fertiliser operations across Africa. With funding in place to cover our short term requirements we look forward to finalising our trade finance facility, which we continue to negotiate in order to secure up to US$50m of funding to support the trading strategy. Further details will be provided on this as and when appropriate." | 12bn | |
22/4/2016 11:25 | Take it on the chin and move onScam is only just unravelling | ilovetowin | |
22/4/2016 11:25 | Will buy once it's 0.3p! | fission453 | |
22/4/2016 11:22 | Looked at this. Do not get suckered in. A placing at a much lower price looks very much on the cards...to enable them to even survive. IMO | garbut | |
22/4/2016 11:10 | Isn't the FD's wife still owed money by AFPO here? Isn't the deal that AFPO can sell stock below market price to cover what's owed (£1m) if not repaid. I can't remember the terms but I think this must be due soon. Apologies for being a bit out of date. Log | loglorry1 | |
22/4/2016 11:09 | TT2, AFPOo is skint,they had to borrow off a directors wife with a nasty clause or two. | 12bn | |
22/4/2016 11:04 | It's skintLook at the last results | turbotrader2 | |
22/4/2016 10:58 | JLP is a good share but at the moment it is fun posting here in this dog share, extracting the urine out of Datait. | 12bn | |
22/4/2016 10:33 | back to JLP guys, no doggy deals. platinum price rising and production generating revenue worth multiple share price maybe slow rise but share price wont drop ! | nash81 | |
22/4/2016 10:32 | I trade a few around the edges as well Datait but the bulk of my holdings are for long term gains.All you seem to do is come 'late to the party' with every 'flavour of the month' dog share! LOL :) | 12bn | |
22/4/2016 10:29 | Buy at 0.3. If it don't reach there so be it, won't buy. | tidy 2 | |
22/4/2016 10:29 | MURPHYL 22 Apr'16 - 10:26 - 12412 of 12414 0 0 Datait you must be skint by now.everything you touch, you lose money on.You are now ramping again to try to get back some of your losses.You are a dishonest conman,and you deserve what you get. Idiot. | 12bn | |
22/4/2016 10:26 | Bumpy ride here now..... all the way down as the market realises AFPO is very low on cash. | apfindley | |
22/4/2016 10:26 | Datait you must be skint by now.everything you touch, you lose money on.You are now ramping again to try to get back some of your losses.You are a dishonest conman,and you deserve what you get. Idiot. | murphyl | |
22/4/2016 10:23 | A lot of very determined selling - best bid dropped back again to 0.70p....ask an optimistic 0.85p showing on L2, but not getting paid - a bit like AFPO. f | fillipe |
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