UK 06:35 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
In two days time African Potash (AFPO) must repay its finance director's wife $1.1 million as it is obliged to clear the most expensive loan in AIM history. It has no cash so prepare for mega dilution as the loan will be repaid in shares at 0.29p per share, or lower. Against that background I have, this weekend, shown that on both January 6 2016 and December 1 2015 it lied to investors ahead of its last bailout placing, it engaged in fraud. The man charged with holding CEO lyin' Chris Cleverley to account on this is perma-tango tanned Labour Lord, Peter Hain. I have written to his Lordship today.
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