African Potash Share Discussion Threads

[pokettens] 08/5/2016 23:35

Andy pop good points as always.I'm expecting a drop in the morning based upon those huge sells on Friday. Would you agree?

[andypop1] 08/5/2016 21:01

The more you look at the latest attempt from CC to part people with their money the more questions it raises.
What are AFPO bringing to this latest “trade” with Nyiombo? Their expertise in the fertiliser trading arena? I don't think so, two attempts at trading and two failures.
Cash to finance the import of 50k tonnes of fertiliser? Lmao, they have barely enough cash to pay the bar bill from CC's latest jolly around Africa.
So why are Safyr just handing AFPO 25% of their net revenue? What is CC not telling the shareholders? Safyr would not just hand over cash to AFPO, they are an investment company looking to provide as good a return to their investors as possible, aren't they?
So what are AFPO putting into this “participation agreement”? Or should that be what are they putting up?
Why did Neverl Kambasha, the Chairman of Beryl Holdings set up a new commodities trading business, that trades fertiliser, just weeks before the joint venture with AFPO and, who were Beryl's advisors? Safyr Capital Partners and this was before they were even in existence.
This stinks, good luck for the week ahead.

[daniel levi bmd] 07/5/2016 09:00

FYI



Now his really is another 'eye opener' on the machinations of those that seek to portray themselves as 'Guardians' of retail investors

100% fact. It's a Black day for SP!

Enjoy the read folks.

Dan
x.............

[pokettens] 07/5/2016 00:40

YantatinYou made a meal out of my statement that the share price would continue to fall.It has now a number of days in a row.What exactly were you trying to prove with your deluded ramblings?

[andypop1] 06/5/2016 21:21

A bit of a historic time line surrounding the Beryl shenanigans with a few more key dates added in, the more you delve into it the more suspect it all becomes. Beryl are looking to “sell” their fertiliser trading business to AFPO for $8m yet the pastor sets up a new fertiliser trading business just before the agreement with AFPO. The trade with Windmill facilitated by Beryl fails as does the proof of concept COMESA trade with Zambia. I believe Beryl, in some guise, were the fertiliser supplier for the COMESA trade, any other supplier would now be pursuing “that guy” CC for payment wouldn't they?
Do they give knighthoods out to “good men” who return African assets back to the African people at the cost of British investors?

02/10/15 African Fertiliser (Guernsey) is registered.

23/10/15 Safyr Commodities is incorporated in Mauritius.

01/12/15 Beryl agreement is announced (Beryl's advisor was Safyr Capital Partners, see below for incorporated date, yes below!).

29/12/15 Acquisition of the fertiliser trading subsidiary is announced.

09/02/16 Payment pending RNS lands.

19/02/16 Safyr Capital Partners is incorporated in Mauritius.

29/03/16 Passes with no announcement (1st quarter).

31/03/16 Safyr Africa Holdings is incorporated in Mauritius.

21/04/16 agreement with Safyr Commodities is signed.

16/05/16 passes with no director dealing RNS released.

Good luck!

Here is a full list of the Safyr companies with the dates they were established, as far as I can find, and their current status.

SAFYR AFRICA HOLDINGS LTD Domestic 31-03-2016 Private Live.

SAFYR CAPITAL PARTNERS LTD Domestic 19-02-2016 Private Live.

SAFYR Engineered Tax Services Ltd Domestic 23-01-2014 Private Live.

SAFYR GROUP HOLDINGS LTD Domestic 03-04-2014 Private Live.

SAFYR REAL ESTATE LIMITED Domestic 17-11-2015 Private Live.

SAFYR WEALTH SERVICES LTD Domestic 27-09-2013 Private Live.

Safyr Commodities Limited Domestic 23-10-2015 Live.

[pegasus59] 06/5/2016 20:23

How much will have been delivered before 2nd period end?

It's tears again for wshak just like GMCR

You just never know what's going on behind the scenes

I think CC will be a fortunate point man and will survive the multiple bullets

Might even get a knighthood for services to Africa

[pegasus59] 06/5/2016 19:29

So it's COMESA's fault not AFPO's

This will take off when the plan is revealed

Initial $50M leading to $500M will happen and I will be here to inform you that is has happened.

Let's re-elect Elias Pungong and Simon Dorling even though LAC DINGA is a non starter.

When it kicks off it will be fast and furious

[pegasus59] 06/5/2016 19:24

Maybe AFPO could sue COMESA!!!!

"African Potash enters into three year fertiliser trading agreement with COMESA to supply and deliver at least 500,000 metric tonnes ("MT") of fertilisers on an annual basis during an initial three year period to off-takers identified and introduced by COMESA"



10 months and then it's all systems go!!!!

[andypop1] 05/5/2016 23:45

A bit of a historic time line surrounding the Beryl shenanigans.

02/10/15 African Fertiliser (Guernsey) is registered.

23/10/15 Safyr Commodities is incorporated in Mauritius

01/12/15 Beryl agreement is announced

29/12/15 Acquisition of the fertiliser trading subsidiary is announced.

29/03/16 Passes with no announcement (1st quarter).

21/04/16 agreement with Safyr Commodities is signed.

16/05/16 passes with no director dealing RNS.

Make of it what you want.
Good luck!

[andypop1] 05/5/2016 19:39

Just had another read of the original Beryl agreement and spotted this.
“The advisors to the transaction were Butterfly Corporate Finance for African Potash and Safyr Capital Partners for Beryl Holdings.”
Yet the latest trade is now through Safyr and not Beryl/African Fertilisers?
All a little too intertwined for my liking.

[pokettens] 05/5/2016 12:19

Next stop 0.4, 0.3, 0.2??

[europa79] 05/5/2016 09:14

Absolute shambles

[pokettens] 04/5/2016 23:47

Andy pop you're too well versed to spout the obvious to you. We all know the loan period is up in a few months and 30 odd percent is bordering on you know what.But what is going to keep the lights on, the food and liquor for all the parties? Lmao

[andypop1] 04/5/2016 23:47

Ypymytyc,
I think you missed the point on the bridge loan placing scenario, there were three options given to pay the loan back and one of which was a placing to raise £1.5m, I agree that is too much just to settle the loan but that is what the company told their shareholders would happen if neither of the two other options happened, or were you referring to 0.4p being too much?
So if Beryl "participated" in that placing (we all know they are not shy about "helping" out with placings), should it happen, the loan will be paid, there will be £750k in the bank and Beryl will have to make an offer for the remaining shares at a minimum of the highest price they have paid for the shares. I'm sure CC will advise shareholders to agree.

[andypop1] 04/5/2016 23:05

Ypymytyc,
I've been watching it, Tidd is milking it and why not, there appears to be a couple of Wave lookalikes appeared as well and let's not forget poor old scalptrader who was ramping it up looking for an exit at 2p after claiming Barclays issued the LoC just before Barclays announced they were pulling out of Africa, I think he is now looking for 1p, you couldn't make it up!
The 31% was just a scenario, which ever way you look at it, it doesn't look good if the cash burn is as the interims suggest, I appreciate there was the investment in BNR during December.
I don't think Lac Dinga or SPM will be sold to raise capital but I do believe one way or another Beryl will own that asset, the question is how they get it.
We may disagree on when the first financial period starts but you may be able to help me on this, if any shares were issued at 2.61p would that constitute a “price paid”? That is a genuine question as I can't find the answer.
Indigenous, I'm allowed a bit of artistic licence aren't I?
Good luck.

[andypop1] 04/5/2016 21:42

Pokettens,
I don't see this going into administration, AFPO are fronting this for COMESA don't you know?
Let me put another scenario on the table, AFPO go for a placing to raise the £1.5m mentioned in the bridge loan RNS (apologies, I think I may have said it was £1.3m in some previous posts, I just can't stop myself ramping this up!) to pay off the outstanding loan, that would mean 375,000,000 new shares would be issued if the placing was at 0.4p, that would equate to circa 31% of the new share capital of the company.
I don't know if that is significant?
Where's Wave when you need him?
Good luck!

[pokettens] 04/5/2016 20:56

I have noticed from the official channels that they gave up on lac ding a and gave it up as a bad job. Looks like cc agreed and went for this hodge podge he's created. Either way options are limited and a placing or administration looks likely.

[andypop1] 04/5/2016 20:17

Talking of Lac Dinga and the non existent exploration licence, AFPO way back in the day, viewed Lac Dinga as not worthy of Investment until the licence was granted didn't they?

[andypop1] 04/5/2016 19:55

Pokettens,
Assuming the cash burn is similar to that of December and that the “infrastructure” placing cash is being used for working capital it would be safe to assume that the cash will run out by the end of this month.
A placing at these levels will dilute the existing shareholders substantially if they were to raise a similar amount to that raised in January. £800k to tide them over for another 3 months or so (ignoring the loan that will need settling in September) @ say 0.4p would mean an additional 200,000,000 new shares would be in circulation which even at the current volume (volume, not value) would take some forward selling and if they weren't forward sold what will happen to the share price when and if that RNS lands?
They do of course have 70% of Lac Dinga that could be sold to raise capital, but with the mining sector struggling, no exploration licence let alone a mining licence and given any sale would probably be viewed as a fire sale it is unlikely that asset would realise it's true market value, whatever that may be. Selling Lac Dinga would also leave AFPO as a one trick pony and let's face it the pony has failed to perform that one trick to date.
This whole setup looks destined to fail no matter which way you look at it.
There is of course CC's best mate Beryl, or whatever company name they are using at present. You have to ask yourself what can little old AFPO offer a supposedly successful multi million dollar turnover company with fingers in numerous pies from mining (is that a clue?) to construction across Africa? I honestly believe now that in his naivety CC is being shafted by the pastor and will take the share holders down, I'm sure he will come out smelling of roses with a lucrative directorship on one of their boards though.
A bit long winded, I will add I thought a placing would come at 1.2p a couple of weeks ago during that mini “spike” so WTF do I know?

[pokettens] 04/5/2016 19:35

Log I remember you pointing out all the flaws and the idiots who slated you. They never learn and I'm sure it will be repeated on other stocks to come. When someone like yourself pointed out sensible points you would think pis would listen but that's pride for you. It comes before a fall.