UK 07:32 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.
Our scepticism about overhyped African Potash (AFPO) just moved up a notch as it has borrowed £750,000 from the Mrs of the FD in what must be one of the expensive loans in history.
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Comments
Simple Moving Avarice
What amused me was this part of the RNS
This bridge funding enables us to continue to make progress in the transformation of our business and illustrates the faith and commitment of senior management and their families to this project
because from the terms in the rest of the RNS you could be forgiven for thinking that Mrs Clayton, wife of the FD, does not in fact trust them further than she can throw them.
wildrides
OInk …..Oink ………… snuffle ……truffle …………….oink …..oink
Nice work if you can get it . Beats Warren B returns by doing sweet F.A We wont ask where she got the 750k from in the first place , cos we all keep small change like that handy from selling our “directors incentive scheme” shares . The rewards of capital before the capital has been made ! Share holders …….. get your retaliation in early and sell .
For the record I am not a current holder .
Gary Newman
Wildrides,
This is one that I have been totally wrong about in terms of what the SP has done, but so far I’ve still seen nothing to really change my negative view of the fundamentals. Especially as so far the company has failed to deliver on its targets – I remember a further big rise when an RNS came heralding first sale within 60 days (long since gone with no sale in sight!).
Sure a lot made good money here – but there will also be plenty sat on heavy losses who believed all the hype and bought in after a 1000% rise! Largely their own fault of course for failing to do any research, but just shows that these crazy pumps can end up costing some a lot of money!
J P Spaghetti
What a disgrace! How can this possibly be acting in the best interests of shareholders?