African Potash Share Discussion Threads

[pegasus59] 23/5/2016 07:18

Oh dear I suspect many of our prophets had a blue week last week.Going to try HNR again? Don't think so

Ah well shakoor and Kempster back to AFPO it is then

HNR and GMCR proves just how easily they can get it wrong when they "knew" the opposite was going to happen.

You always have the placing to look forward to that you "know" is going to happen

[andypop1] 22/5/2016 22:42

Pokettens,
Mr T and a few others, lol.
Night.

[pegasus59] 22/5/2016 17:35

Why were Elemental not invited to give a presentation in MARRAKESH if they are so advancedWhy are YARA not supplying the fertiliser in AFRICA?POLITICS,POLITICS,POLITICS500M mt/3yr deal with option of 10 yr.YEAH nobody has thought this one throughLooking forward to seeing AFPO leaving AIM

[bigjames2] 22/5/2016 11:32

ypymytyc You have the issue on Lac Dinga almost spot on.
You just need to add around another $30million plus to the exploration cost.
Elemental Minerals has three projects of which Kola will go ahead and build in the next 24 months. The others are going to be drilled soon.
Go and look at how much money was spent through the drilling, exploration, JORC's, DFS's and then come to realize that AFPO has not a hope in hades of developing their project

[pokettens] 21/5/2016 23:25

Andy, Mr T over on lse seems to be a moron. He doesn't appear to listen to any reason and looks to be oblivious to any serious points or risks. But they say a fool and his money and all that.

[pokettens] 20/5/2016 21:23

How does this piece of $#!+£ keep trading? I suppose hot air keeps balloons up so this is no exception. Anyone got a pin? Lol

[nick rubens] 20/5/2016 14:54

TW bearcast features AFPO today. I'm keeping away from it myself.

[billthebank] 20/5/2016 08:17

CC in his last interview came across really badly. In light of his umming and ahing I decided to jump ship completely and invested my small profit in JLP and ALO. Decided that if we drop to sub 0.4p will buy back in. Hopefully haven't got that wrong but for now as they say I am oot!!!

[pokettens] 19/5/2016 22:11

Looks like this shares dying a death. Delist coming?See its happened at DAN.

[pokettens] 18/5/2016 06:58

Wouldn't surprise me in the least Andy. They can't sell fertiliser they can't afford to sort lac dinga. There is no business here.Just a matter of time before people realise this and leave with as much cash as they can grab.Where is waverider69? He's probably bailed already whilst ramping and other gullible people were buying.

[andypop1] 17/5/2016 23:11

That my friends is that, no doubt the Twitter crew have dumped with a very nice margin from the totally unjustified rise falsely created by the “timely” release of the exploration licence extension.
Even the rampers on the other boards are struggling to find anything positive to say about this now. There was next to no volume today, if there are any flippers left they will be desperate to get rid before the next news hits.
Pipe line of opportunities, more like pipe dreams. What was CC's salary through all of this? While he looked like the saviour of AFPO not many months ago when he got rid of the burden of Bergen it is now looking like he has ruined this business with his “not for profit” mentality and, I may be being a little generous here, his naivety when it comes to trying to do business in Africa.
AFPO will not be in existence come October, or possibly sooner, in their current form and, I predict it will be to the detriment of any existing shareholders.
My last word for now, good luck.
Ypymytyc, it has been a pleasure.

[andypop1] 17/5/2016 09:39

Yp,
Your are quite right, the big games are on Wednesdays, lolike, I would tàke the inter two bob cup the way it's going of late.

[andypop1] 16/5/2016 23:12

Pokettens,
We have AFPO who are looking to provide good quality fertiliser to the African people at an affordable price through COMESA and their vertically integrated fertiliser trading business. They didn't have much success with the four COMESA MOU's so they got in bed with Beryl, the plan was to buy their existing fertiliser trading business using shares @ 2.61p, unbeknown to AFPO the CEO of Beryl set up a new commodities trading company with Safyr a couple of weeks prior to the AFPO/Beryl joint venture. Beryl pushed a trade afpo's way with a Zimbabwean company called Windmill, this trade failed. AFPO then announce the first trade under the COMESA agreement for 20k tonnes, again this trade fails but don't worry it didn't cost AFPO a penny.
AFPO now realise they don't have two brass farthings to rub together despite a placing in January and a payday loan in December so they enter a participation agreement with Nyiombo/Beryl/Safyr for a paltry 25% cut of the net revenue of a trade for 50k tonnes of fertiliser. Nyiombo are far from the cheapest supplier of fertiliser to the poor African farmers but needs must, principles are fine up to a point aren't they?
Still at least the exploration licence has been granted!

[pokettens] 16/5/2016 22:46

Evening fellas. I've been trying to get my head round afpos twists and turns and complete lack of direction. More changes than lilolils knickers. I could spend an evening trying to put all the pieces together but maybe one of you can sum it up in a post.What I'm asking is where do all these parties now fit in the equation eg bollore, beryl, nyiombo, butterfly, safyr etc etc there are others.It's such a mess now I've lost track.

[andypop1] 16/5/2016 22:40

Ypymytyc,
Just had a read of page 39 and beyond, it would appear there are still a few passengers on the AFPO gravy train, or there were up until the end of June last year.
Any commercial exploration activities will be costly and that is before paying for the actual exploration works.
Still the fertiliser trading should cover all the costs, shouldn't it?
The more you delve into this the worse it gets, the asset has not been paid for yet, so what is the true value of Lac Dinga? Any commercial exploration works will mean substantial dilution for current shareholders, did someone mention 9 months and the rainy season?
Still AFPO has the 25% from the 50k tonne Safyr/Beryl/Nyiombo deal, so it should be fine.
African Management Services? M. Mouanda Makosso?
Is that it for the bounce?
Good luck!

[andypop1] 16/5/2016 19:08

Bill,
Crossed lines there, I thought ypymytyc was on about an update on another share due around Thursday but I think he was referring to the Europa Cup which is Wednesday.
Good luck with your holding here though.

[billthebank] 16/5/2016 09:34

Andypop1 40p to 38p What??? I guess you were looking to buy in at 0.4p? Have to admit I tried to buy at that level but couldnt get any and missed the rise but am back in now as am confident that this will double from here again as the market makers or/and good news impacts. GLAHs MAde money on this before so fingers crossed again

[andypop1] 16/5/2016 00:21

Ypymytyc,
Tidd has called it right from 3p+ his only mistake was closing at 2.4p (from memory).
There are a few interesting characters that have appeared on the other board.
Wasted, who has been there a while is hilarious with his trades that he always announces after they have been successful, I didn't notice him telling the punters he sold at 1.8p before the drop, lol, maybe he is traveller in disguise. Then we have commy, shareguru and let's not forget scalptrader looking to "scalp" at 2p and now 1p will do.
Garyn is one to listen to, in my opinion, he generally calls it right.
Where's Wave when you need him?
Thursday, it's nice to be able to keep raising the stop loss, allough it was missed when I set it at 40p down to 38p, but I can't complain.
Night.

[andypop1] 15/5/2016 22:18

Ypymytyc,
You are right re DFS and CPR, the fertiliser trading bit was sarcasm, which ever way you look at this it doesn't look good, unless you get the nod on news before it is released.
I'm assuming you have taken a position, apologies if you haven't, good luck either way, it is certainly an education of how AIM works, not a market I will be investing in anytime soon, there is money to be made elsewhere with more predictable results.