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.
Ed Marlow, the former African investment chief at the HSBC banking group who now heads AIM-listed African Potash (AFPO), is waiting for first drilling results from the Guernsey-registered company’s Lac Dinga project in Republic of Congo, as he savours its success in obtaining $3.75 million (£2.2 million) funding for the project from US investment group Bergen Asset Management. Results from the first hole at Lac Dinga could come through in two weeks, he suggests, with data from the second hole hoped-for in September, ‘and then we’ll know how the nature of the deposit and how commercial it will be.’ Is this now a stock to consider?
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