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Drilling cheer for African Potash

By Robert Tyerman | Thursday 11 September 2014


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.


‘We have taken the risk off the table,’ asserts an enthusiastic Ed Marlow, chief executive officer of AIM-listed African Potash (AFPO), in the wake of encouraging early results from the first drill hole sunk by the company at its Lac Dinga potash project in the Republic of Congo’s Kouilou region. Exploration drill hole LDDH 001 has intercepted a 120 metre-thick salt sequence some 415 metres below surface, which includes a ‘critical’ 40 metres of multiple potash seams.


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