UK 08:48 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having soared from 0.315p at the start of the month to a 1.725p close on Monday before falling to 1.31p yesterday, shares in African Potash Ltd (AFPO) are currently on the rise again on the back of the company dismissing a report in the Daily Mail as “speculative and unfounded”…
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Comments
GG79
Dare you to post this on the LSE bulletin board… Full of mentalists that site.
Mark
GG79. Post what? Another guess at a placing? These reporters including above need to put fact to the bullshit attempts to drop the price. The CEO stated what he thought of the rumour, should he really do than if it’s being book built in the background? Doubt it.
Phil
With only 2 of 4 initial drilling completed, no costing studies, no permit to mine, and no frigging mine someone care to tell me where AFPO are going to get the money.
So come on Mark, thrill us with your acumen, where are they going get the capex to build a frigging mine
GG79
Mark, I was referring mainly to the last line about betting all comers that a placing comes sooner rather than later. Not sure re the “attempts to drop the price” personally but we all have our conspiracy theories.
General point I was making is that the LSE board, which previously seemed to involve more well-thought discussion had turned into the usual battleground full of conjecture and spurious price targets with castigation of anyone with a more considered view as deramping blah blah blah.
As above, Chris Cleverly was hoping, hoping no placing would be needed on 4th August when the sp was around 0.5p – with the sp at or approaching 2p would a raise still be out of the question? The RNS released yesterday seemed to have been worded very specifically and was based on the DM article itself which referred to a placement at a “significant discount” and it is this “such placement” that was refuted in the RNS. Whether this means no placings at all I’m not convinced; we can but wait and see.
GG79
Phil, in Mark’s defence the investment case for AFPO has changed to an extent from solely punting on an exploration and extraction company to one that would also be involved in trading, vertical integration and all that jazz.
The bulls would argue that to achieve near term revenue the company does not need to be in production itself as it would make its percentage from essentially being a middleman. I’ve actually got a “free carry” holding in AFPO and happy to leave it in there as I quite like the cut of the new-ish Exec’s jib but just find the LSE chat as full of self-interested bullshit as it ever is when something starts to gain attention.