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Quiz

The ShareProphets Sunday Pub Quiz #62

Welcome to the Sunday ShareProphets Pub Quiz. 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.

Gold
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The View from the Montana Log-Cabin, What gold shares to BUY and what I am holding now

As I pile up my cans of beans and bury a bit more gold in the woods behind my log-cabin, I look at the outside world with dismay. Europe and the UK is locked down again – the UK seemingly on outdated flimsy evidence – and the central banks are once again printing money without regard to history. So much for a V-shaped recovery, we are headed for a double-dip recession or worse.

Top-10

Notes from Underground - Most read articles for the week ending 7 November 2020

The most read non-Tom article this week is Grim and Grimmer as Lockdown 2 heads this way – what I am selling at 8 AM tomorrow by Nigel Somerville (for an incredible fourth week in a row) at a wonderful number one (for the second week in a row) or at number six, 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: A rather sad time as the Police helicopters scan the River Dee

I discuss why they scan and reflect on the links between pointless lockdown and suicides. I discuss the final victory of Joe Biden and then look at house prices and why they have not yet collapsed and why this is not a re-run of the 1970s.

JLP

Jubilee Metals – further significant Zambia diversification, already way ahead on this share tip, price target increased again...

Jubilee Metals (JLP“is pleased to announce that it has successfully concluded further copper tailings transactions to secure the rights to an additional approximately 115 million tonnes of copper and cobalt containing surface tailings in Zambia”

CHAR
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Chariot Oil & Gas – Re-rated, but is it still a buy?

I’m sure most readers know I have been rather grumpy about my favourite sector, oil and gas, since March / April this year. In fact I have had very little positive to say about most companies in the sector all year. Chariot Oil and Gas (CHAR) was one I highlighted in July, having responded to a fellow shareholders concerns and comments. I was positive but cautious. It’s done rather well since, and its shares are up by some 500% since then. But what now?

GPM
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A Golden Prospect with US Election out of the way?

Well, not so fast, because Joe Biden hasn’t formally won yet but the writing is on the wall. Notwithstanding that minor detail, Gold has had a storming few days, rising to $1950 per oz having kicked off the week at sub-$1880. One very strong performer was fully-listed Golden Prospect (GPM), along with its subscription shares (GPSS).

Gold

Video: A Biden Win is Great for Gold

Writer and trader Gary Wagner says that folks are waiting for more stimulus, but the next program will likely not arrive until February. The US economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. The Fed has stated that interest rates will remain unchanged as it still has some options in their toolbox.He says that you can expect gold and equities to continue to do well in this environment.

ASC

Table of shorted AIM shares - week to 06/11/2020

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

Malcolm-On-Motorcycle

Watch the Trend, Friend, if You Want to Bag Money-Making Opportunities.

Hello, Share Kickers. There aren’t many sensible strategies in Crazyland that ignore the sound principals of a company that are known as ‘the fundamentals.’ But my favourite ploy falls into this rare category. It’s the fabled financial proverb ‘The Trend is your Friend’. It’s made me a lot of money over the years and when I’ve ignored it, well, it’s cost me a load of gelt, too.

Boom
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Hero of the day: Mike Ashley calls out Michael Gove out as a clueless authoritarian Covid imbecile

It is not often I have nice things to say about the loathsome lard-bucket Mike Ashley but, just for today, he is my hero as his Frazer’s Group has put out a statement on the Covid shutdown. As you might expect, Mike does not mince his words: 

TAST

Tasty plc – still “hopeful… will be able to navigate our way through”?

Previously writing on Wildwood and dim t restaurants company Tasty plc (TAST), I’ve noted the financial situation from a market cap of below £4 million saw my stance avoid / sell. Now a “Statement re: Restaurant Closures” – and the shares currently further lower to 1.25p…

WSBN
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Wishbone Gold – shares rocket, what to do?

We hope very much that you took our strong advice to average down on Wishbone Gold (WSBN) at just 2.1p in August. If you did you must now be well ahead. My own losses on this stock are now down to less than £15,000! They were double that. This is following latest news from Australia. And it seems very encouraging…

Bearcast
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Tom Winnifrith Bearcast: all about 1 AIM stock

The company is cyber security outfit ECSC Group (ECSC) and in this podcast I dissect its finals from last year, interims, recent trading statement and other red flags leading me to explain why you should not buy into the hot sector argument and should not touch it with a bargepole.

URU
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URU – In Whose Interests?

AIM-listed technically insolvent John Zorbas POS URU Metals (URU) announced yesterday that it has for the second time extended the initial 90-day initial notice period on its convertible death-spiral loan by a further 90 days. With the shares at 260p, the initial deal to convert the loan is massively more attractive for the loan shark than the 35% discount that would otherwise apply – so why is URU doing this?

TERN
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Tern – When Will the Cash Run Out as Another Loan Heads to DA? Placing ahoy as shares crash

AIM-listed jam-tomorrow investment company Tern (TERN) has seen its shares come crashing back down again: there is still no news from Wyld (quelle surprise) and another stack of cash has headed off to the great computer in the sky over at Device Authority – not that Tern has announced that either. Having raised £1.5 million back in July, I wonder how much cash will be left over by Christmas.

Gold
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Shout-out for the big boys such as Barrick Gold!

Despite being the most boring and large cap focused writer on these pages, in case you did not know I too have the horn for gold.  I am such a geek that I even have an asset allocation formula to tell me what percentage of my pension fund I should allocate to the precious metals space.  For those of you who can stand a bit of maths (unrelated to US election college calculations) on a Friday, you take the index point value of the Dow Jones Industrial Average (28,390 as per the close yesterday) and divide into that the dollar gold price (1947).  A quick flourish with a calculator will tell you this gives you 14.6% (to 1dp) which should be your precious metals weighting in my opinion.  
 
ELCO
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Elecosoft - not only has the main guy gone but also, for reasons unexplained, the auditor has changed. More Red flags vicar?

As you know we  have been big bears of AIM promote Elecosoft (ELCO). There were so many red flags when we published a major bear report HERE including Stockopedia of Wirecard, Globo & Quindell infamy having it as atop pick, Vox Markets promotion and highly aggressive accounting. They mounted when ElecoSoft started threatening legal action. Since then the chairman and founder has walked and now this.

AAZ

Anglo Asian Mining – updated mineral resources and ore reserves, still a risk/reward buy...

Anglo Asian Mining (AAZ) has announced updated mineral resources and ore reserves and that “our ongoing exploration programme targeting five new deposits is also expected to produce additional ore sources”

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Catenai – monster dilution

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