African Potash Ltd: highlights

By Patricia Miller


A year ago I tipped African Potash twice, first for an 84% gain in a few days and then again at 2.625p with a 5p view so whats happened during the last 12 months other than hitting a 52wk high of 4.88p.The company has gone away and drilled 2 holes returning extremely positive initial results whilst awaiting a formal notification from Dr Dorling on just how good these results are as the down-hole natural gamma profile confirms observations from geological logging of multiple thick (up to 11m thick) potash beds. Don’t let me teach you how to suck eggs but a revisit of the RNS from the 21st October here:


  • LDDH_002 intersected a 112m thick salt sequence

  • The salt sequence includes multiple potash seams totalling about 48m which represents 43% of the total interval

  • The salt sequence in LDDH_002 confirms laterally extensive salt and potash mineralisation which is characteristic of the Congolese coastal basin – further underpins the Project’s potential to host a significant commercial deposit

  • The salt sequence intersected in LDDH_002 shows internal similarity to that of LDDH_001 and suggest laterally extensive potash horizons at shallow depth

  • About 250km2 of the licence area is interpreted to be underlain by salt-bearing strata and to occur at a depth of about 300m to 420m below surface

The company are hardly setting the scene of a dismissive nature, on the contrary I believe that Ed Marlow and Dr Dorling are quietly excited about their find at the Lac Dinga project. Whilst there has been a reduced interest for junior miners over the summer I now believe that the hunter gatherer instincts requires us to have a modest interest in actively managed mining stocks in preparation for the festive frolicking.

Buy at 2.125p up to 2.625p with a TP of 5p


Author: Patricia Miller

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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