African Potash Share Discussion Threads

[pegasus59] 13/5/2016 17:51

AFPO signed the COMESA DEAL not any of the "MAJOR" established fertiliser traders

AFPO were invited to MARRAKESH not Elemental

It's not TOO difficult to work it out.

When the shareprophets whole being is negativity it is impossible to be positive

"I should not waste my time fighting "against" those that I hate but fight "for" those that I love"

I will continue the fight "FOR"

[pegasus59] 13/5/2016 17:46

"The financing arrangement and accelerated development plan is also expected to expedite the negotiation of off-take agreements."




And that's how it's done.

Agree to supply to an off taker for investment up front

[pegasus59] 13/5/2016 17:41

OCP will be supplying the phosphate and AFPO will be supplying the potash

If you scroll up to the header I suggest watching the COMINCO video

[pegasus59] 13/5/2016 17:38

It's too far ahead not to far ahead

Never heard of an "off-take agreement"

AFPO agree to supply to Dangote and they will set up a joint venture.Africa wants to be self sufficient and utilise it's own commodities.Much easier to purchase potash from elsewhere at the moment due to price.Once we have a stream of fertiliser plants ready to start production I'm sure we will have local potash available.No immediate hurry to get Lac Dinga producing(which it will)

As for how they do it and fund it I'm sure they will let us know.It's not being sold that's for sure.

[pegasus59] 13/5/2016 11:25

And I do expect to hear more from a rich Nigerian with initials AD

[pegasus59] 13/5/2016 11:22

Yeah for "GOVERMENTS"

The JV partner will take care of the mining side along with assistance from IGS and CSA global

[pegasus59] 13/5/2016 07:59

IGS ltd

What we do:

Assist "NATIONAL GOVERMENTS" to implement large geodata mapping programmes to update and modernise their data holdings. This includes compiling terms of reference, implementing and supervising programmes and quality control monitoring;
Provide objective technical, financial and organisation assessments of governmental mineral support programmes through detailed scoping studies. We review and formulate policy and build capacity at technical and managerial levels;

[pegasus59] 13/5/2016 07:46

Dr Simon Dorling re-elected to the BOD




Elias Pungong re-elected to the BOD

African Potash Executive Chairman Chris Cleverly said, "Elias has a proven and acute understanding of Francophone Africa, and in particular resource development in the region. He has a first class network and will be invaluable in orchestrating the development of Lac Dinga and compatible resources, as we look to build a vertically integrated fertiliser company."

[pegasus59] 12/5/2016 23:56

What would you expect the life expectancy of the mine to be?

4yrs :)

I'm sure igsXplore would be able to predict that much better than any of the posters on a bb

Night

[andypop1] 12/5/2016 23:35

I love the way this bit is worded, it almost sounds voluntary doesn't it?
“As part of this renewal process the licence area has been reviewed and the Company has relinquished a portion of the concession area which overlapped the basin margin, which the Company did not consider to be particularly prospective. As a result, the Project area now covers 555 sq km.”
Anyone know if the licence is backdated to December i.e. 18 months or so left on it or does the 2 years start today? The RNS wasn't clear on that, very unlike AFPO to be ambiguous with their news releases isn't it?
CC's statement at the end of the RNS shows the spin he puts on things to mislead “We are delighted to have received formal confirmation that the exploration licence for Lac Dinga has been renewed for at least a further two years”, while it has been renewed for “at least” a further two years by adding “at least” it could be taken by some to mean more than two years.

[pegasus59] 12/5/2016 22:56

FAO SHAREPROPHETS

[pegasus59] 12/5/2016 21:24

To boldly go where no fertiliser delivery driver has gone before.

Chris Cleverly: Africa, the final frontier. These are the voyages of the fully integrated fertiliser business AFPO.Its 10-year mission: to explore and deliver fertiliser to strange new worlds, to seek out new life and new civilizations, to boldly go where no man has delivered fertiliser before.

"Any future deals will dwarf any loans" and "this will be to the benefit of the long term holders" said Capt CC

Comesa deal increased to 1 million mt minimum

[andypop1] 12/5/2016 19:49

Well done today, the licence has finally been renewed, 20% less licence area, but good news all the same.
Next step now for Lac Dinga is the commercial exploration activity to prove it is viable, unfortunately that costs money. Then the balance of the cost to purchase Lac Dinga will have to be settled, in two further stages, again this will cost money and shares of course, still I'm sure the fertiliser trading should cover all those costs, shouldn't it?

[pegasus59] 12/5/2016 12:49

Fatty should have known better.winched out of bed to put his big shorts on only to find they were being bought.He had more shorts to try but alas they were bought as well.Now extremely angry and in a terrible state.not good for the heart!!!!

Kempster the ROC mining expert :)

[pegasus59] 12/5/2016 12:38

No need to invest big sums in Lac dinga at the moment.The potash will be required when the fertiliser plants have been built.Next step for Lac Dinga is a feasibility and bankable report.All in good time and made much easier and cheaper utilising igsXplore.

[pegasus59] 12/5/2016 12:29

Yeah let's short BNR what could possibly go wrong there?

Lac Dinga 2+2 ouch!!!!!!!

Area concentrated presumably with a little help from our friends.

Hahaha

[islam1] 12/5/2016 12:28

good attempt to make us forget this RNS, plus the placing earlier this year at 1.7p with give-away warrents to Cornhill

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).

[letmepass] 12/5/2016 11:58

Just added a few more... Off the radar for now and it's rising.. Wait and see

[pokettens] 12/5/2016 05:34

Is cc deliberate when he writes these rnss and makes them so vague?Why aren't the figures ever clear? What is roughly clear profit going to be if any or doesn't he know himself? Or does he just like to put the biggest figure he can think of to look good?Whatever the case it wreaks of desperation and weakens his reputation every time he does it. Next rns will be delivery to the Eskimos upto 5 trillion dollars net revenue income thingy. Lol

[andypop1] 12/5/2016 00:12

Was that it or is there more to come tomorrow?
I do hope not too many got, or get, caught on another spike, this is burning cash at a level it can't afford and has no known income due, it has no licence on it's only asset, Lac Dinga, if it did it hasn't got the finance in place to carry out any more exploration works to prove up the asset. The last company that carried out the sampling are waiting to exercise their 5p options to receive full payment for their works, their options expire on the 16th of May, the same date as CC's options which were granted only because they were available from the cash call to carry out the first and only drilling campaign at Lac Dinga.
The latest trade with Nyiombo is conditional, thanks YP, conditional on what? Delivery is contracted to take place by the end of July, 50% from warehouse A? But no mention of when payment will be received and, how much will 25% of the net income of the 50k tonnes actually amount to, if that is the conditions are met? Participation agreement?
Night.

[pegasus59] 11/5/2016 15:57

LSE getting into the scumbags.That's the way to do it.

A few words from one of our NED's