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URU
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The Market is Bonkers: URU Metals – a SELL on steroids

Tom Winnifrith has already laid out his concerns over the state of play with too many stocks being quite obviously overvalued to a massive extent. One such play I have been following is John Zorbas’ BVI-registered (and therefore not subject to the Takeover Panel’s 30% rule) and AIM-listed URU Metals (URU).

FUL

Fulham Shore – “achieving one of its highest weekly turnover figures”, but...

Franco Manca pizza and The Real Greek eastern Mediterranean restaurants group Fulham Shore (FUL) has updated including “trade in the first full fortnight in August was markedly up on the same period in the previous year, with the group achieving one of its highest weekly turnover figures… despite some of its restaurants still remaining closed” and “pleased to announce the completion of the equity fundraise to raise £2.25 million and… new £25.75 million bank facilities have become unconditional in all respects” – and the shares have responded further higher to above 10p…

XTR
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Xtract Resources – Manica hard rock production here goes: increased target price...

Xtract Resources (XTR“is pleased to announce… a mining contractor agreement with Longhau Tianci Mining Co Ltd for the exploitation of the Guy Fawkes hard rock gold deposit at its Manica mining concession in Mozambique”

IME

Immedia Group – there weren’t much “cash reserves, and plans in place to manage these resources” then!...

Provider of audio visual content and services Immedia Group (IME“announces that it has conditionally raised gross proceeds of £1.1 million… at £0.10 per share”. This following a June update including “we have seen more UK retail businesses re-open, and this will allow Immedia to rebuild contracted revenues from its retail customers as its services are taken up again” and a prior update in April I previously updated on…

R4E
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Reach4Entertainment – shocking forced disclosure of potential windfall AFTER massive CEO share buying & what about his bonus?

With its hand forced by media reports, Reach4Entertainment (R4E) has been forced to admit that it could be set for a material cash windfall, but this comes only after the CEO of the soon to de-list AIM company, Marc Boyan, has engaged in massive share buying. It gets worse.

RRR
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Red Rock Resources – “Update on COVID-19 Impact and Licensing” potentially very significant...

Red Rock Resources (RRR) has updated investors with news on Australia; “movement between States restricted, with isolation imposed in Melbourne and parts of Victoria”, Kenya; “a daily curfew is in place from 9 pm to 4 am”, Congo; “no international flights or internal flights to and from Kinshasa are yet permitted, but international flights are beginning to operate from 15th August” and “the recorded cases in South Africa are nearly 12 times the level in the next worst affected African country, Nigeria” amidst various COVID-19 stats… but what’s the real company-specific import of its latest announcement?…

Boom
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Woke Britain – it is ching ching for the 1% and you and I pay for it: Meet Sandra Bates

I fully expect to be slated as a misogynist old geezer for saying this but the woke revolution is again and again merely facilitating the transfer of wealth from the 99% to the 1% . Meet Sandra Bates. She is a busy bird…

BIOM

Wake Up and Smell the Coffee Cups as Big Order Comes in for Biome Technologies

Hello, Share Bunnies, it’s some time since I’ve covered Southampton company Biome Technologies (BIOM). That’s because there’s been very little news of progress during the lockdown. However, that now changes as the company has announced its biggest order ever for its green coffee cups…

Bearcast
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Tom Winnifrith Bearcast: (Today's) things that are making me angry

Well there is an annoying ex for starters. Then the folks taking the piss on a sash window here at the Welsh Hovel. Then PL defending Katie Potts spunking £1 million of other folks’ cash on Bidstack (BIDS) and why following TR1s is an error. I look at Wishbone Gold (WSBN), trying to be realistic, more cracking news from Xtract Resources (XTR), and at sorting pumping and dumping at Europa Metals (EUZ). No doubt Messrs Laurence Read and Benjamin Turner will be taking me off their Christmas card lists after that. Hey ho. Finally a look at red flag goings on at a company where I have pointed out many red flags before, All Active Asset Capital Limited (AAA). 

EUZ
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Europa Metals – as Gary Newman recently warned… discounted placing screwing...

Shares in Europa Metals (EUZ) are currently at 13.5p, down more than 18% on the day – and you were warned on this website that this was coming by Gary Newman…

LVCG

Live Company Group – “pleased to announce… new contract”, but...

Brick model events and shows group Live Company (LVCG“is pleased to announce that a new contract with our partner Brick Live Lab Limited in Korea for Animal Paradise Mini has been signed” and emphasising “market demand” – which has helped the shares higher…

CHAL
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Challenger Acquisitions: the wheel of fortune turns as it recycles itself into waste to energy

It looks as though the fun is finally over at Cynical Bear’s favourite, Mark Gustafson’s Standard-listed Challeneger Acquisitions (CHAL) for this morning the shares in the carcass of failed Big Wheels were suspended pending an RTO. Quite what Cindrigo Energy thinks it is doing taking on up to £560,000 of Challenger’s creditors and overheads, plus the costs of the RTO I am less sure of.

WSBN

Wishbone Gold: Big Dave Lenigas now ramping, Go Dave Go!

This has been a dreadful tip from me and the only consolation that you may have if you followed my advice is that I have lost a vast amount on this one myself.Wishboe Gold (WSBN) shares are up by 75% today at 2.45p but I calculate that i still need a gain of c 900% to break even from here. The stock is ahead on news that the company is going to start exploring for gold in Australia and the, rather fruity RNS mentions some grades from chip samples at surface.

Bearcast
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Tom Winnifrith Bearcast: the one I should have done yesterday

I was, of course, travelling back from Greece, and while my colleagues penned articles in my absence, here is the bearcast you all wanted covering Eurasia Mining (EUA), Supply@ME Capital (SYME), and Curzon Energy (CZN). Today’s bearcast will follow a bit later.

Newsboy
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No choice at M&S, whilst Wm. Morrison gives itself choices...

Few people can be surprised by yesterday’s update from Marks & Spencer (MKS) that it is cutting a little under a tenth of its workforce. The update may technically have been in-line but the tone was undoubtedly very cautious. In the last 13 weeks reported on, the like-for-like sales in food may have risen by 2.5% (and even better ex-hospitality interests), but the shocking aspect was 40% odd declines in clothing/home offerings even if online was strongly positive…

TRCS

Tracsis – full-year update emphasises “impact was much less than originally feared”, but...

Transport industries technology provider Tracsis (TRCS“is pleased to provide… trading update for the year ended 31 July 2020” – and the shares have currently responded to 640p, more than 11% higher…

Gold
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Gold Wobbles but the Montana Log-Cabin stands firm

Jordan Roy-Byrne warns that judging by past events gold is likely to be a bit wobbly in the wake of the correction over the last few days. Thus we have seen gold fall from a high of $2067 to a low point of $1885-ish, a recovery back over $2000 and now we are wobbling around $1990 per ounce. But in the greater scheme of things, given that we have risen from around $1560 per ounce this year, these wobbles don’t add up to much. My Montana log-cabin stands firm.

PSN

I Should Buy Persimmon Shares as the Big Builder Behaved Beautifully in Lockdown and Could Prosper Now

Hello, Share Chums. Persimmon (PSN) is one of my favourite housebuilders. Its half-year results, just out, confirm my optimism. Ok, its profit has taken a knock, this time it was a pre-tax £292 million compared to £509 million last year over the same six-month period. But the group has had a great start to the second half…

BIDS
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Bidstack – interims argue “healthy cash position” & “making material progress”. Er...

Bidstack Group (BIDS) has updated including emphasising “following our oversubscribed placing in June 2020, Bidstack has a healthy cash position and is making material progress in its approach to building a strong foundation on which to grow and create value for shareholders”. Hmmm – “healthy cash position” and “making material progress” hey?…

WG
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Wood Group – right on and going up!

Back in mid-June I observed that short sellers in energy services-and-more company Wood Group (WG.) should be taking their profits. The shares have moved up a little bit since, an appreciation which has been nicely supplemented today following the company’s first half results…

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