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Professor
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Sunday Long Reads: 12 Hours in an NHS Ward, Oil Thieves of Nigeria, DJ and War Crimes, Wagner’s Prisoner Army, Fixing French Nuclear Plants

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don't you?

Wolf-of-Wall-Street

Visual Aid: Tesla’s Unrivaled Profit Margins

From Visual Capitalist,this week’s graphic illustrates recent data compiled by Reuters showing that Tesla’s margins are significantly higher than those of its rivals, both in terms of gross and net profit. Our graphic illustrates the net figures in US dollars.
Gold
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Gold: you're indestructible (even if the price goes down sometimes)

I read in the Sunday press that allegedly the “FCA offers to bend the rules to land Arm float”. That is certainly something to keep an eye on this year, especially as the FTSE 100 - unlike many of its global peers - is somewhat light in the excitable world of technology stocks. An area the FTSE 100 is heavily exposed to however is the commodity sector. Last week may have seen “London’s FTSE 100 Index ended the week on a high having reached its highest ever score, beating the previous record of 7,903.5 set in May 2018”, but you may have seen that natural gas, oil and silver prices have fallen even further this year and even my beloved gold is only up a couple of percent in dollar terms over the first five or so weeks of 2023…
Top-10
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Notes from Underground – Most read articles for the week ending 4 Feb 2023

The most-read non-Tom article this week is actually the Visual Capitalist graphic, The Biggest Global Risks of 2023, which is a first. The most-read non-Tom non graphic article is by Chris Bailey with Why FTSE 100 stocks such as GSK and Vodafone are always worth thinking about (but only one of them is a buy today) at No 3 or No 8 including Bearcasts.

TNT
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EXPLOSIVE DOSSIER: Tintra – why are accounts for Tintra Acquisitions materially inconsistent with Tintra Plc RNS announcements: SOMEONE TELLING MASSIVE PORKIES

Richard Shearer the CEO of Tintra (TNT) has a grand vision for the company which is summarised in the Allenby Capital research note of 30 January 2023:
Bearcast
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Tom Winnifrith Bearcast - FTSE 100 hits record high and Malcolm fills his boots - is he mad?

I start with today's bombshell expose. Either shares must be suspended or an RNS is needed to answer specific allegations, first thing on Monday. Then it is onto the FTSE 100 hitting a record high: buy, sell or hold?. Finally, the full Sharestock line-up is (almost) revealed. You can book your seats (50% of which have now gone) HERE
RRR
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Red Rock Resources shares up 18% at 0.34p – rumours, rumours

I still own my shares in Red Rock Resources (RRR) if only as a constant reminder of my own folly. But on Friday they jumped by 17.5% to 0.34p. I am still well out of the money but I suppose every dog (with fleas) has its day. There are two rumours.
MTL
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Metals Exploration – Q4 report, for further recovery Buy

Gold producer in the Philippines, Metals Exploration (MTL) has issued its report for the fourth quarter of 2022, emphasising “record quarterly positive free cash flow” and “a very solid platform from which to build on in the coming year”. Good news.
Bear
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Doubling down on Argo Blockchain and Canadian Overseas Petroleum

Both Canadian Overseas Petroleum (COPL) and Argo Blockchain (ARB) have featured here as shorts. Let’s start with the undoubted success.
Bull

Now I'm a Cock-Eyed Optimist and as Happy as a Bull in a Share Shop.

Hello Share Fanatics. This time last week I said I was changing from a bear to a bull. Not a moment too soon, either. Yesterday. the Footsie reached an all-time intra-day high of 7,906. More of that to come, I fancy. Here’s why.


SLP
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Sylvania Platinum – Q2 report, production guidance increased

Platinum group metals in South Africa company Sylvania Platinum (SLP) has announced results for its quarter ended 31stDecember 2022 and that “FY2023 production guidance increased, targeting 70,000 to 72,000 4E PGM ounces” (up from 68,000-70,000 ounces). Good news from a current 106p share price we suggest.
SHG
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Shanta Gold – West Kenya project mineral resource progress, and more to come soon

Shanta Gold (SHG) has announced an updated mineral resource estimate for its West Kenya project in Kenya and that “the high-grade Indicated category… points towards a high margin cash flow during future operations”.
ITX

Itaconix – I having previously cautioned ‘attempted ramptastic’, now an equity raise (discounted, natch!)

Previously writing on company which describes itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products” Itaconix (ITX), in October I cautioned “pleased to announce” distribution program, attempted ramptastic?. And now, quelle surprise, a “Placing, Subscription and Open Offer”.

Bearcast
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Tom Winnifrith Bearcast: remember to sing Delilah tomorrow wherever you are

I start with news on ShareStock - we have now completed the speaker line-up and 50% of the seats for September 23 are now reserved - for details and to book your seat go HERE. Then it is Canadian Overseas (COPL), Nanoco (NANO), BSF Enterprises (BSFA) where its placing ahoy and a joke valuation, and then Caracal Gold (GCAT). Finally, I shall be wearing an Ireland shirt in a pub full of Welshmen tomorrow, make sure you all sing Delilah wherever you are. 
NANO
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Nanoco – argues “remarkable” litigation settlement outcome, so what of the share price fall?

Nanoco Group (NANO) has announced details of what it describes as a “remarkable” outcome litigation settlement. So what of the shares currently responding to 27p, more than 26% lower?!
GCAT
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Caracal Gold letter to FCA: does it support insider dealing & not disclosing price sensitive information?

The FCA appears to be plodding on with its enquiry into Caracal Gold (GCAT) despite the company admitting to a litany of wrong doings including share trading by its CEO Robbie McCrae while sitting on price sensitive information (insider dealing to you and me) and massive breaches of the disclosure rules. This is an open and shut case and McCrae should be in prison. There are also questions for Andrew Monk of VSA Capital. I have sent another letter to the FCA which regulates ( no sniggering at the back) both the Standard List where Caracal’s shares are traded and also Mr Monk and VSA.
MXC

MGC Pharmaceuticals – more death spiral vicar?

36 days ago MGC Pharmaceuticals (MXC) drew down A$800,000 of funding from its death spiral provider Mercer. But I guess Christmas is an expensive time for us all, there are bills to pay, yadda, yadda, yadda.
BIDS
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Bidstack - how big is the Azerion black hole?

In October of 2022 Bidstack (BIDS) completed a fundraise at 2.85p raising a net £9.5 million. Its house broker Stifel said that this would be enough to get it through to breakeven in 2024. But I suggest that is patent bollocks and that there could be a cash crisis ( again) this year. Here’s why.
Madness
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Life is busy…even in the boring UK government bond markets

Were the last twenty-four hours or so the busiest time for global investors this corporate earnings season? For those of you who just look at names listed on the UK markets, maybe the inevitable Bank of England rate rise was as exciting as it got, but for us global market punters, there was a hell of a lot going on. But - like the complete investment sad sack I am - that is what makes it exciting…
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