UK 06:20 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.
I do not use the world liar lightly but today's statement from African Potash (AFPO) shows that the company are lying bastards and anyone holding the shares is quite simply delusional. How has the Nomad signed off on blatant lies? Why has it not quit? Is it acceptable to tell outright lies on AIM these days?
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Comments
wildrides
Cleverly and Dick are a disgrace . What a shambles this lot are . Wankers does not even come close ……….. Cleverly should be barred from Directorships for misrepresentation at the very least . Clever he aint ………..just another two halfpenny snake oil salesman . Karma will get him . Thank the lord I dont have any of these . Retail is hopeless anyways and retail in Africa is worse than useless . Every body knows that retail is just “waiting” . Day after day “waiting” for a customer to walk through the door . What ever persuaded them any money could be made out of retailing fertilizer in Africa of all places . Retail in Africa is just “waiting” waiting to get orders , waiting to get deliveries , waiting to get paid , waiting for the weather . Even Paul Scott would loose money retailing in Africa .
Simple Moving Avarice
It’s starting to make sense at last.
COMESA is a free trade organisation which has expressed concern about the low levels of fertilizer use in Africa in the past and the AFPO agreement with COMESA was part of COMESA’s attempts to increase fertilizer use in Africa.
But that agreement was no more than a statement by a free trade body that something should be done. It still needed customers with money to actually buy any fertilizer. Hence the importance of the financing arrangements for those customers too.
AFPO have been seriously disingenuous with all their RNS statements since the COMESA deal. Very coy about who the end customers actually were (we now know they generally don’t exist – it’s all supply chains with no-one at the far end with any money), and certainly failed to mention that the serious drought in Zambia/Zimbabwe was a risk factor for fertilizer use.
It looks likes they have actually sold 200MT of fertilizer out of a target of 500,000MT for the year since the August agreement.
Overall there seems to be the kernel of a decent attempt to do something good here, but with poor execution and seriously misleading investors about what is happening. That could poison the well now since no-one can really take any future RNS statements at face value.
Jay-C
Tom, you are making a fool of yourself. From the RNS of 6/1/2016:
Delivery of the Urea Stock to the customer in Lusaka, Zambia, is expected within 3-5 days – transport costs undertaken by the supplier of the Urea Stock and included in the Cost, Insurance & Freight price
Lusaka is the destination and therefore the 20000MT of stock has indeed been delivered, via the port of Beira in Mozambique. You are too quick to make accusations – slow down and get your facts straight.
TW Note: Jay-C with respect that is not what the RNS said at all. My article quoted the RNS, you are making things up.Jay-C
Tom, my only error was not making clear which part of my message was from the RNS. The paragraph beginning “Delivery of the urea stock…” was pasted from the RNS as published on investegate.co.uk. Go find your reading glasses and read it again – properly this time. You are saying AFPO claimed to have delivered the stock FROM Lusaka but that was the destination as stated on 6/1/2016. You are losing credibility here…
TW: Jayc - my article used pastes from UK wrire your pastes are made up. The RNS said the Urea was despatched & inspected & a LOC was in place now we are told all 50/ are still in the warehouse & the LOC has disparu.. you go fill your frigging boots with AFPO see if i careJay-C
I’ve tried my best to correct you without using the colourful language you’re so fond of. Rather than admit to a mistake you’ve accused me up making things up. That sound you can hear is your credibility disappearing down the toilet, just behind any respect I once had for you.
TW note I think by my credibility you mean AFPO's share price. You keep buying I shall keep waiting for the rozzers to nab the liar CleverleyJay-C
I reckon your libel case will be up first.
TW Note . ooooh er missus, why not get a Letter of Credit involving AFPO and put a bet on it?