African Potash Share Discussion Threads

[tidy 2] 25/4/2016 06:28

Last one turn the lights out plzzzz

[andypop1] 24/4/2016 23:20

Safyr,
50k tonnes at $500 =$25m, now in one of CC's podcasts he claimed Beryl were making circa 20% net, so that will be $5m 25% = $1.25m = £880k. This is the only foreseeable income that we know of and most likely won't land until September or October, when is the loan due to be paid back?
Oh dear, participation agreement?
Night!

[andypop1] 24/4/2016 22:53

Ypymytyc,
I do hope you get your bounce tomorrow, let's just hope no cats are involved.
I believe you are one of the good guys, even if your posting reflects your current position.
Warehouse A I believe, stilled owned by the supplier, whoever that might be (St Brides, AFPO or Cudolog will not confirm who supplied it, if it was even supplied).
Beryl, let's just say they are not opposed to taking a few placing shares to make up any difference between the share capital when they signed on the dotted line, they have signed haven't they? and the share capital when and if they reach their 30%.
Bed for me now, but what's your take on this latest Beryl/not Beryl tie up, is it part of the original Beryl agreement or not as I suspect the case may be? I see it as another trap that in his desperation CC has grasped with both hands, you only need to look at the first trade introduced by Beryl to see how this may pan out.
Unbelievable!

[pokettens] 24/4/2016 20:36

I don't understand the confusion amongst most across most bbs. It's ever so simple. Afpo said they'd delivered stock and payment would be in 30 days. That Imo was a big fat you know what.Delivery was never made and the market was never notified. Disgusting

[howie26] 24/4/2016 20:25

0.5p tomorrow?

[andypop1] 24/4/2016 20:16

"With the lateness and lack of rains in the region and the onset of drought and state of emergency in some nations, there have been delays with some trades, however, this has worked so as to reduce the number of competitors in the market and the need to develop agriculture in the region has only increased which means that our partnership with African Potash has increased in strategic importance" said Neverl Kambasha.
Sounds like a great time to be trying to establish a new fertiliser trading company doesn't it?
Just a thought the “reduced”; competitors didn't hold any stock of fertiliser did they? I'm sure the administrators won't be selling it off cheap will they?
I still say Beryl are after lac dinga, indigenous? 30% of 70%= 21% + the remaining 30% not held by AFPO=51%.
Good luck tomorrow, where's Wave when you need him?

[andypop1] 24/4/2016 19:48

I should have added the only available information is that the Urea has not been delivered to the customer.

[andypop1] 24/4/2016 19:17

Ypymytyc,
No I made it quite clear that it could have been delivered to the same warehouse and probably was given the quantities involved but it was not, as far as we know, delivered to the “customer̶1;, which is price sensitive information. I am not assuming it to be a different customer either as the RNS clearly states the inventory is ready to be dispatched to the original customer. Let's say, for arguments sake, the fertiliser was delivered to the customer, be that to warehouse A or warehouse B, given the prompt RNS stating payment pending, I think we are safe to assume the company knew there were serious problems with the Urea be that quantities, quality, delivery schedules or whatever, yet the company has withheld that information from the market until mid April and have actually given the impression that payment will be received in the coming weeks, or was that Wave? The problems, whatever they are, lay at AFPO’s or their suppliers door not the original customer as AFPO would not have been able to open a letter of credit in favour of their supplier without one being in place from their buyer would they?
The biggest problem is the lack of detail given in the company releases and that in turn leads to all the speculation.
You finally ventured over to the dark side then.
Good luck with your current “trade”.

[ilovetowin] 24/4/2016 18:35

CC is laughing at you allKeep the faith muppets

[andypop1] 24/4/2016 17:19

Ypymytyc,
I think you are missing my point, at some point during the 3 to 5 day "delivery" period the company must have known they were not delivering to the "customer" but in fact to themselves but did not inform the market. By themselves I also mean their supplier.
I fully understand your point about the original customer but at this time of year and given the unpredictable nature of the rains this season selling 20k tonnes of Urea to another customer would be a miracle and it seems CC has run out of miracles.

[andypop1] 24/4/2016 16:11

The 6th of January RNS stated:
"Delivery of the Urea Stock to the customer in Lusaka, Zambia, is expected within 3-5 days"
Now we are told:
“The Company has an agreement to draw-down on inventory held in Lusaka, Zambia, to be able to immediately satisfy any off-take required by the Original Customer. To date, no draw-down requests have been received and the Company understands that the Original Customer is still awaiting confirmation of order from its customers.”
Note the wording “to the customer”, now when was the delivery of 20,000 tonnes diverted from its original destination “the customer” to some other warehouse facility in Lusaka? It may be the same collaterally managed warehouse as “the customer” was going to use but the fact of the matter is the stock was not delivered to “the customer”. This is price sensitive information that should have been released to the market, it makes you wonder if in fact any Urea was delivered, doesn't it?
So many discrepancies, have the shareholders been deliberately mislead?

[pokettens] 24/4/2016 14:28

Yes that smell is the fertiliser festering somewhere going off it doesn't keep forever.

[islam1] 24/4/2016 12:38

Has the Mauritian company got anything to do with the holders of the loan note?

The loan note is a main worry for PIs. As the share is being pushed down, the the punitive terms of the loan would kick in, meaning that upon conversion perhaps as much as 30% of the enlarged capital will be owned by the loan holder/s.

There is something very fishy going specially as new info comes on the sales deals supposedly signed so far.

[andypop1] 23/4/2016 23:46

1st game of the summer league is Thursday (hockey)
So can I assume from that statement you, with your constant positivity, accept you have cost the unfortunate punters money?

[andypop1] 23/4/2016 23:36

Wave,
Do you remember posting the below statement?
Any views now?

"Andy - do you not realise that you have in fact cost many. You paint a doom and gloom picture when in reality Afpo is on the verge of releasing 4 months of updates.
Perhaps you need to think about the consequences of your own actions
Nervous PI,s have no doubt read your endless quest to sap any positivity from the Afpo Bb and made the decision to sell.
IMO you have completely misread this share And understimated cc
You need to play more hockey and forget Afpo"

[shortcpx] 23/4/2016 22:58

i've been reading suggestions this Waverider is autistic with the constant monotonous bullish/deluded AFPO posts... Fed up of seeing his drivel when trying to read the boards.

[pegasus59] 23/4/2016 21:26

The Mauritian company will not be inheriting or having novated to it, existing revenue generating contracts of Beryl Holdings - instead new contracts will be signed up by the Mauritian company for its trading relationships (and Beryl Holdings will assist in obtaining such contracts through its current presence in the market)

[pokettens] 23/4/2016 20:53

When all said and done actions speak louder than words and at the moment cc has proven he's untrustworthy based on recent developments. The company isn't creating any revenue. Zero revenue other than pocket change from the failed windmill shambles. Therefore how can one justify the current sp? ??????They can't. Sp should be a lot lot lower for the said reasons

[andypop1] 23/4/2016 20:06

Pegasus,
You really need to check out BGT, that's what I plan to do for the next hour or so, you may be pleasantly surprised!