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Latest News

CCZ
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Castillo Copper – drilling campaign commences, share price catalysts ahoy!

Castillo Copper (CCZ) has announced that work has begun on 26 drill-holes for 2,828 metres at the Big One Deposit – which looks to kick-off months of exciting activity for the company…

AMO

Amino Technologies (but not for long) – corporate update, still solid growth value?

Media technology company Amino Technologies (AMO) has today added to operational news flow since I previously updated with the shares up to 158p. They are currently 165.5p on the back of a “Change of Name to Aferian plc and Board Transition” announcement…

Bearcast
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Tom Winnifrith Bearcast - filling in another fecking form for Greece

That wasted an hour of my life but it looks like all systems go for Saturday when Steve Moore will be in charge of this website while Joshua and I head to the Greek Hovel.In today’s podcast I look at bitcoin’s latest dump and Argo Blockchain (ARB) and at Dev Clever (DEV) and its joke acquisition. That required a bit of work for me at Companies House as did researching today’s smoke and mirrors deal from Remote Monitored Systems (RMS) – how did Nomad SP Angel sign off on this cobblers? I then look at Avacta (AVCT), Zoetic (ZOE), MyHealthChecked (MHC), Bidstack (BIDS) and the fraud Supply@ME Capital (SYME). Where are its results?

LSAI

Location Sciences – “successful fundraising and board changes”… so why the latest share price decline?

“Business Review update and proposed Board changes” announcement from Location Sciences Group (LSAI) includes “the successful fundraising and board changes… has given the company a huge opportunity to deliver value for shareholders”. So why are the shares currently at 0.575p, 15% lower, on the back of it?…

VLRM

Valereum Blockchain £1 million placing at a bonkers 70p the Poulden, Lenigas, Sith Lord Zak Mir ramp goes on

Valereum Blockchain (VLRM), The Richard Poulden blockchain/NFT/bitcoin ramp hyped disgracefully by shareholder David Lenigas and penny share paid for promoter Zak “the huckster” Mir, has managed to raise £1 million at a shocking 70p. And the shares are now 76p. This is insanity.

NMCN

NMCN – refinancing for “working capital” & “to take advantage of the growth prospects”. ER...

Previously writing on UK engineering and construction company NMCN plc (NMCN), last week I concluded that I’d review again on the promised further refinancing announcement but for now continue to hope prior warnings were heeded and to avoid. The shares had since risen materially but are currently again falling on an update that “the company is pleased to announce it has entered into conditional agreements to recapitalise nmcn by way of a £24.0 million fundraising”…

RMS
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EXPOSE: Remote Monitored Systems – a new deal, it is ‘avin’ a Turkish isn’t it? Very inconvenient details revealed...

Following its very belated admission that the face nappy market had imploded, Remote Monitored Systems (RMS) needs a new way to promote its shares. Today’s effort will not impress even the most credulous of its deluded followers – an £80,000 sale to a £3 company. Whatever…

UKOG
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UK Oil & Gas – discounted placing at 0.17p underway already after delightful Turkish ramp today?

UK Oil & Gas (UKOG), the member of the minus 97% club run by Lyin’ Steve Sanderson, must be ready to pull the trigger on a bailout placing judging by news this week. Indeed there are suggestions that it is already looking to place 2 billion shares at 15% discount to the 0.2p bid so raising a gross £3.4 million, call it £3.1 million net. The pre dump ramp is from Turkey.

LEK
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BREAKING: Lekoil CFO walks and accuses company of lying and breaking AIM Rule 10

First it was the CEO, then a NED and now the CFO has quit, drowning in debt, AIM dog Lekoil (LEK) of fake sheikh infamy. But the resignation letter of Edward During is dynamite. Lekoil itself has not put out a statement on this matter but Lekoil Nigeria, which it owns 40% of and seems to be at war with, has. Kerboom. How long can these shares remain unsuspended? Is the Nomad, hapless SP Angel of the fraud MySquar infamy, not considering whether to walk? It should be but, then again, it is morally bankrupt.

CLIN

A Useful Outfit that Helps Pharmas to Distribute their Drugs is Set for Recovery After a Nasty Dip in the Share Price

Hello, Share Choosers. You may not be familiar with medical mover Clinigen (CLIN). But this sparky company might interest those who support improving access to treatments picking the right pharma-related stocks. It’s an outfit which specialises in finding, storing and selling treatments which can be hard to access. It also funds clinical trials, which has to be a good use of your dosh. The firm works with more than 6,000 pharmacists and pharma companies across the globe.

Bearcast
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Tom Winnifrith Bearcast: another reason to hate the Tories as Olaf shows what a girly swot she is

I discuss my local Tory councillor being a spinless cretin, my daughter Olaf being a girly swot and with reference to Peter Brailey’s most excellent article earlier the nature of death spirals, they are not all the same but bad companies attract bad finance.

MRW
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Bid discussions at Morrison

It has been quite exciting this weekend reading about one of my favourite FTSE 100 plays, even if the index has naturally remained closed (even I am not enough of a saddo to need the markets to open on a Saturday or a Sunday).  Last Friday I wrote about Tesco (TSCO) but I also mentioned that ‘if you do want to buy more of a UK food retailer then I would suggest reading my Morrison (MRW) piece from last month HERE‘. Well that looks pretty smart as a story broke yesterday that ‘buyout giant CD&R weighs £5.5 billion takeover of supermarket chain Morrisons’.  That does not sound too shabby given its £4.3 billion market cap at Friday’s close. 

ICON
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Iconic Labs – Toxic Dave Sefton screws shareholders again

In my article of 5 June 2021, I made the assumption (like many others) that it was Shard Capital (which is the only listed secured creditor at Companies House) who had appointed administrators at Iconic (ICON). I apologise to Shard because it was, as newly filed documents at Companies House reveal, Arch Capital Partners LLP who appointed the administrators. If you look at the filings for Arch Capital at Companies House, you find that its two members are David Sefton and Sefton Management Limited.

Quiz
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The ShareProphets Sunday Pub Quiz #94

Well, you still don’t get a prize. Find your own beer, sit in the most comfortable seat, and, under no circumstances, can you Google the answer. Only I can do that. There are no prizes but post your scores in the comments for bouquets and brickbats. 

DKE
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SHOCKING EXPOSE: Dukemount Capital – The latest Zak Mir assisted ramp

The current fashion for retail investors to back any old company that claims to be active in the UK intermittent generation market continues. Dukemount Capital (DKE) has been brought to my attention as one of the latest to attempt to tap into the retail enthusiasm for anything power and green related. Unfortunately this one does not pass my test as a worthwhile investment on so many levels.

Professor

Sunday Long Reads: Death of a Sherlock Holmes fanatic, Islamic State family, Monetising Nothing, Bad Electric Vehicles, Boat Accident

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? 

EEQP
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ABSOLUTE DISGRACE: Early Equity & the Novum scumbags – Playing by the Rules, apparently

Early Equity plc (EEQP) is an investment company listed on the Aquis lobster-pot and has been kicking around since 2007. Its last results – for the year to August 2020 – showed that accumulated losses had topped £2 million, a fine achievement for a £7 million market cap company! Last week it announced the result of its reconvened AGM – which doubled as a sack-the-board EGM: time to reach for the beer and popcorn!

Top-10

Notes from Underground – Most read articles for the week ending June 19

The most read non-Tom  article is NMCN – refinancing discussions to address “working capital”. Really?… by Steve Moore at number four, or number seven including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.

Bearcast
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Tom Winnifrith Bearcast: Do I buy, sell or hold MyHealthChecked?

I start with a defence of my share tipping on Optibiotix (OPTI). Am I really responsible for a chap who has bought and sold four times each time making a loss? He blames me. Then I consider if I should buy, sell or just hold MyHealthChecked (MHC). Then a few words on Father’s Day and also a few words on how I shall be annoying Abi the mutant curtain twitcher tomorrow.

Bear

Few remember how our societies and the economy were threatened by high inflation fifty years ago

Very few investing today can remember what inflation was like to experience as a wage earning adult, the markets just do not understand how it works

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CTAI

Catenai – monster dilution

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