UK 02:31 Saturday, 24 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.
Earlier today my colleague Robert Tyerman penned some bullish bollocks on African Potash (AFPO). In this bearcast special I explain why he is 100% wrong. This company is drowning in red flags and is a 100% bargepole stock. It is just worthless shite on the AIM Casino. The shares are a storming sell.
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Comments
wildrides
I agree with all you say here and I sold out at a nice profit months ago , but I have one question for you :- is not the asset ( the potash deposit ) a good one and worth something to the SP valuation ? If the company ditched the silly stuff and concentrated back on the asset exploitation what value might you then place on the business , still Zero ? I would be interested in investing in just the deposit and its future extraction at some point . What value might you place on that , if anything ? at the current time .
boggle
Wildrides, have you ever made a loss on any of your trades ?
Woody44
How did Cantor sign off on this related party transaction?
wildrides
Boggle ………… yes
My biggest ever losses were ( in no particular order )
LLOYDS
RBS
FASTJET
I am a trader really rather than proper long ( however the above were proper long ,longster trades that hurt because I did not use stops on them convinced they would come back to me eventually and I should have known better ) so lots of small losses are made which are more than covered by gains on 3:1 risk ratios I use ie five out of seven trades can fail and I will still make money ( just ) If 6 out of eight fail then I only wipe my face . Worse than that and I lose money which can happen sometimes , every trader has bad months now and then ( its keeping the losses small that matters in the long run )
jsimbo
You are right Tom, that is utterly unacceptable behaviour. the directors just sticking their hands into the pot of money provided by the shareholders and helping themselves. The way they do it might be legal, but its not ok.