Ariana Resources (AAU) has updated on an “increasingly active” rate of mine construction and its target for production in the second half of 2016.
I am beginning to think that my 1p target price for Gulf Keystone (GKP) is in fact far too generous. Having called this as a sell at 180p and all the way down to abuse from every moron in the land I think it is time to revise the target price. The shares are off another 9% today to just 4.675p. Okay I shall stop being a nice guy, I am cutting my target price from 1p to 0p.
What on earth made Keras Resources (KRS) boss Dave Reeves travel thousands of miles from Oz to London, only then to head up to Walsall and what happened in the black country shit-hole? I only ask because Reeves arrived in Walsall on Saturday 9th April to do a presentation after which the shares collapsed ahead of a placing announced today. You may not know much about Walsall other than that it is a post industrial shit hole but let me enlighten you.
Hmmm, a Chinese company domiciled in the Cayman Islands lists on the Casino and less than sixteen months on there appears to be a bit of a procession going on, with two directors walking the plank with immediate effect in consecutive days. Sound familiar?
Young Conman Windham has listed at least four companies on the ISDX market which have all proved to be complete disasters for investors. This man makes David Lenigas look like Warren Buffett in terms of value creation. Undetered by serial failure - chronicled here - Conman Windbag is now threatening to inflict a new venture on ISDX, Flamethrower PLC. Natch this is a rum and coke too.
I do not think that China is recovering. Andrew Monk of VSA does. Whatever. In the interests of balance here are a few words from the broker today:
Hello Share Squelchers. You may or may not recall that I am a fan of recruitment agencies. This is because there are more jobs in the UK than ever before. Also, if you are looking for employment, going to an agency is probably the best chance you have. As my son found out, they will find you a temporary job . And that comes without your having to be interviewed by the new employer. Then, in many cases, the job becomes permanent and there you are.
"Nomad Strand Hanson, Broker Mirabaud, mug punter Evil Knievil, aka Simon Cawkwell, dodgy Russians Mediotor, IR ramper John Heilshorn, we have beaten them all, we have beaten them all!. Phorm PLC, can you hear me? Phorm PLC ... your boys took a hell of a beating! Your boys took a hell of a beating!"
After a material profit warning less than four months after its 11th June 2015 £27 million AIM listing, online advertising software company Adgorithms (ADGO) has announced results for the year and that “it is now evident that 2016 will be a year of transition and investment”. What was 2015 then?
With apologies for missing this on Tuesday afternoon, I see that AIM-listed CloudTag (CTAG) has issued a rather embarrassing correction to its Monday RNS which announced a fundraising of £171,430 apparently issuing 5,357,143 shares to a new investor….at a price of 3.2 pence per share, representing a premium of 12.3 per cent. Over the mid-market closing price of 2.85 pence per share on 8 April 2016 (the previous Friday).
Having last month announced a smaller investor shafting (sorry, a “equity fundraising of up to £5.0 million”), Surface Transforms (SCE) has updated on a revised extent of the shafting…
Lucian will be here soon so I thought Id better record ahead of our trip to the Conservative Club with its tempting cheap beer. On the agenda I fail to mention that Finncap are complete and utter bastards but they are. I do, however, cover Ruspetro (RPO), Gulf Keystone (GKP), SeaEnergy (SEA), Rose Petroleum (ROSE), Sierra Rutile (SRX), Burberry (BRBY), Mothercare (MTC), a couple of Paul Scott jokes - please do not tell me he has any friends in the Mothercare management community that he thinks I may be offending - as well as a word or two on Challenger Acquisitions (CHAL)
Do you have any questions for the new management team at Strat Aero (AERO)? I do and they are below. Would you like to quiz whoever is in charge well thanks to the Sith Lord Zak "Judas" Mir you can. You can also ask Judas a few questions and, to get the ball rolling, I have one regarding David Lenigas.
Our resident Fastjet (FJET) owning lunatic Duck & Dive yesterday predicted an RNS from this piece of Turkish imminently claiming that it would show what a "twit" I was with good news. Well D&D was half right there was an RNS. Sadly, for him, it is not good news. Duck remains the twit, I continue to call this one right.
Hybridan is house broker to Optibiotix (OPTI) and so although I agree with its conclusion this note is clearly biased and feel free to ignore it completely. As for Hybridan, like most brokers. its employees should be strung up with piano wire. But for what it is worth.
The shares of Premaitha (NIPT) have been all over the shop since what was a cracking year end trading statement on Monday. The reason is the cackhanded disposal of Rupert Lywood's remaining 17.9% stake. We thought he was locked in following his last dump on 9 March and a statement signed off by broker Finncap. Weasel words. His shares were placed by Finncap at just 6.5p with directors taking some and solid institutions Helium, Henderson and Hargreave Hale taking the rest. The overhang is now gone but boy has it crushed the shares. Without Lywood's "assistance" since last summer we think the shares would be 20p today. But he is now out of the picture.
We have known that the Peter Earl AIM-listed train-wreck Rurelec (RUR) has been in some financial difficulty for some time. Mr Earl departed the scene last June, but the fire-fighting for the new board has been on-going ever since. Last night at no-one-is-watching o’clock (4.55pm) the company gave an update on its funding arrangements and trading in what must be a classic case-study for all MBA students on how to deliver bad news. Over to the ShareProphets RNS Translation service for the low-down on last night’s announcement…..
Hello Share Mashers. Perhaps it’s time we looked at an unusual share which I brought to your attention once or twice last year.Skil Ports and Logistics (SPL) has a big project in the making. This means it cannot make profits now and all our hopes are in the future. But the scheme has real potential in a country which has the attention of the investing world.
Have I mentioned that Finncap are complete and utter bastards? If I forget to do so in this bearcast please refer to my FinnCap and Wandisco special earlier HERE. Lucian is popping over tomorrow but I shall try to record a sober bearcast before he arrives. On today's podcast I look at Fastjet (FJET), Strat Aero (AERO), Premier Foods (PFD), Hellenic Carriers (HCL) and Outsourcery (OUT), the demise of which will certainly be an ouzo o'clock moment.
India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…
The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.
Well this is a company that will sponsor any old crap and let's face it, 95% of Bulletin Board Morons post on the LSE Asylum. As the countdown to the fraud Cloudtag (CTAG) being booted off AIM next week accelerates you kind of sense which stock will be the focus of most entries. The competition rules are simple. Just nominate the daftest post on a BB or on twitter in the comments section below. Once again, our in-house semi-trained loon Wildes is allowed to nominate his own posts. The deadline for entries is midnight on Sunday 26th March. Post away!
The asset strippers who own Master Investor tried to persuade companies exhibiting at Nigel Wray's UK Investor Show to jump ship, promising them that 5,000 attendees would cram into a hall holding less than 3,000 folks. Well here is a photo below of the asset stripper himself, Jim Mellon, staring out on rows of empty seats. In light of that I invite you to examine the photo and offer up a suitable caption. The deadline for entries to be posted in the comments section below, is midnight tonight, Sunday 26th, the day after Master Investor died. RIP.
It is the top of the market so a range of City folks are getting away with behaviour which is, at best , utterly unethical. I name names as I list 10 such offences against basic decency and in some cases the law. And I warn those who are guilty that they will face a backlash and I explain why.
After Saturday's debacle in Islington, there is clearly just 1 major event to go to for those who want to make money from shares - UK Investor Show. To meet more than 120 growth companies and to hear the most amazing cast of speakers you have to be there on April 1 at the QE2 Centre in London. There is just one show to go to so BOOK NOW and join 3,000 other people who want to make money from shares.
This is becoming almost routine. After hours on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is Premier African Minerals (PREM) which is raising £1.5 million at 0.5p.
I really should not be giving the oxygen of publicity to the half witted duo that is PR Genius Steffi and Sith Lord Zak "Judas" Mir but just to point out how corrupt they are here goes - if you are made of stern stuff there is a video below..
Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.
Gold seems to be tracking sideways pro tem but that does not mean that gold shares will track sideways too. You can make big returns in such a climate claims Steve Todoruk a senior figure within Sprott, the world's leading investor in resource stocks. Steve opines:
It seems as if my father has drunk all the ouzo. Who can blame him? But how will I celebrate if the fraud Cloudtag (CTAG) is booted off AIM today? Join in the fun with our Cloudtag termination clock HERE. Elsewhere I look at Bowleven (BLVN), gosh I loathe its management team, Advanced Oncotherapy (AVO), also run by tossers, and Strategic Equity Capital (SEC).
I owe a lot of my success in investing to Steve Nicandros, CEO of Frontera Resources (FRR), having spoken to him in great detail about his company and investing a lot of money in it as a result.
AIM-listed gold and silver in Turkey play Ariana Resources (AAU) has announced the first gold/silver pour at its new joint venture Kiziltepe plant in Turkey. It has been a long road but this marks the moment when Ariana completes the transition from explorer to producer – cracking news for head honcho Kerim Sener and his team. So what now?
Ho ho ho. Even as it faces insolvency those wags at Advanced Oncotherapy (AVO) do so with a sense of humour as they try to spoof us all with news of an even more desperate financing which will keep the lights on until late June. Dr Michael Sinclair you should go on the stage. You really are a hoot.
Tension is mounting for those of us who follow the AIM fraud of the year that is Cloudtag (CTAG). Will any Nomad be so desperate for money that it agrees to act for this company and sign off on its lies? We will find out very soon indeed. So, perhaps for the last time, this contest is in honour of the Onitor groupies. As ever the rules are simple: Just nominate the Bulletin Board post, tweet or video starring the Sith Lord Zak "Judas" Mir that displays complete insanity by posting it in the comments section below. The deadline for entries is midnight on Sunday 2nd April. Post away...
The fraud Cloudtag (CTAG) is almost certain to be booted off the AIM casino tonight. I will also miss it such have been the deranged comments that it has prompted. Last week's contest was sposnored by the LSE Asylum and generated stacks of quality entries as you can see HERE. But the winner, spotted by Warun Boofit was in a class of its own as you can see below
We are already well ahead on this share tip. But we can still see it doubling from here!
Premier African Minerals (PREM) was a company that I had high hopes for a couple of years back, but since then it has largely failed to live up to expectations on the operational front – especially in terms of producing revenue.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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