When I wrote about Asimilar (ASLR) back in February on its suspension, my last comment was that I sense a car crash coming this way…… This morning the car crash has happened, but it will surely get far worse…

A “Joint Broker Appointment” announcement from Lekoil (LEK), with a 2.95p share price giving a market cap of £15.8 million. Hmmm…

I start with a brief discussion of Rule Britannia where it is clear that the BBC and others (including the Mrs) have not actually read the words or studied their history. I will do a much longer piece on this when back from seeing my father in Shipston. I look at Asimilar (ASLR), All Active Asset Capital (AAA), Mesh PLC, and Chris Akers – a scandal where the unravel is surely underway. I comment on DFS (DFS) and furlough economics, on Iconic Labs (ICON), and on Amigo (AMGO) as well as on Xtract Resources (XTR), where there is yet more good news making you who followed my tip and I who bought shares even richer. Also covered is NoGold who has no gold exposure and lambasts me for tipping gold shares and making you all richer… even more of a miserable old git.

Yesterday we saw AIM-listed Catenae Innovation (CTEA) try to dress up paying for a marketing deal in shares as a good thing when surely the truth of it was that it was out of cash, and worse still the grateful recipient of the shares has to wait for the AGM for approval of increase in headroom. In other words, Catenae is out of cash and out of share-issuance headroom. This morning we were offered a Business Update…

Back in mid-July I noted about the sofa stock DFS Furniture (DFS) that ‘investors can do so much better than this one’. This was driven by the view that ‘a world of more WFH might well be correlated with an uptick in sofa time in front of the TV, but it is not helped by higher unemployment or an enhanced difficulty in paying back those monthly charges on those oh-so-easy-to-obtain four year interest free credit deals’. Well blow me down…DFS has only gone and upped its hopes…

Tipping as a major buy, shares in Wirecard, Europe’s largest fraud and a company every bear on the planet had called out as a fraud, 48 hours before the stock collapsed was perhaps not the greatest day for Ed Croft and Stockopedia. Even worse than the days when the system rated the Globo and Quindell frauds as massive buys. So maybe Stockopedia can redeem itself with a call on mystery Company A which has filed its accounts for calendar 2019.

Shares in closed-end investment company aiming to provide investors with capital growth from a portfolio of companies involved in the gold and precious metals sector Golden Prospect Precious Metals (GPM) reached over 70p last month but have since fallen back and are now at a 65p offer price. With, we consider, top-quality management and the gold bull further to go we now recommend a buy here…

Once again we stumble across someone who makes Nigel Somerville look sane and balanced. Trader Steve Penny claims that  “Commodities have never been so cheap relative to paper assets.” He argues that today is a generational wealth transfer opportunity. His macro thesis is that the national debt is mathematically impossible to repay. History has shown that politicians will always try to inflate away the debt.

Hello, Share Choosers. If you had shares in a brewer or drinks producer like Diageo (DGE), you will have seen your portfolio creak under the virus. For example, Heineken’s first-half underlying profits were down by 52.5%. While the company that does Budweiser and Stella Artois lost 45%. Diageo’s full-year to end June dropped by 14%, still a big blow…

“ECSC (AIM: ECSC), the provider of cyber security services, announces that on 21 August 2020, the company cancelled options over 588,037 new ordinary shares in the company… the company also granted options over 588,037 new ordinary shares to the same directors, PDMRs and company employees”. Sounds suspicious…

London millionaire liberal elitist, our own in-house Euro Loon Jonathan Price, faces house, or should I say mansion, arrest within days. About bloody time. I joke with him on email but I am not sure he sees the funny side. After that digression I discuss Red Rock Resources (RRR) – do you believe Andrew Bell?  – Amigo (AMGO), Sunrise Resources (SRES), Cobra Resources (COBR), and the very odd price movement at joke company Anglesey Mining (AYM). Cheryl Cole gets two mentions in this podcast

In days gone by, the City would have termed James Benamor “a wrong ‘un”. His antics over the last 96 hours in tweeting out plans for him to return to Amigo (AMGO) and at least one statement which is a slam dunk lie only confirm me in the impression that such an assessment would be valid.

Previously writing on branded hostels company Safestay (SSTY), with the shares at 17.5p I questioned “to be well positioned to re-open as restrictions are lifted”?. Now a further update and the shares further lower – at 12.5p – in response…

In yesterday’s bearcast, I explained why suggestions that Reach4Entertainment (R4E) CEO Marc Boyan was considering merging Reach with his private company Miroma should be investigated by the authorities.  Upon reflection, the scandal is potentially even larger than I originally thought. Notwithstanding the fact that two guests at my wedding (Messrs Wray & Yeoman), of which I shall be celebrating the 7th anniversary this coming weekend, are intimately involved with Reach and will be very pissed off with what I am doing, I have now written to the Oxymorons and the Chocolate Teapots and asked them to consider involving the Takeover Panel. The letter follows.

So naughty old Rio Tinto (RIO) then. The iron ore, copper and coal name has fessed up that it was naughty in blowing up some ancient rockshelters at Juukan Gorge ‘and have unreservedly apologised to the Puutu Kunti Kurrama and Pinikura people’. After, scrapping some executive bonuses, ponying up A$50 million to ‘attract, develop and retain Indigenous professionals into our company’, as well as giving such groups ‘a greater voice’ in its decision-making process and stating although it ‘cannot change the past…we are absolutely committed to doing better in the future’, right on Rio Tinto, yes?…

Shares in FastJet (FJET) have today left the AIM casino so are now untradeable, as well as essentially worthless. Remaining investors face mega dilution or administration or most possibly both. Having warned folks extensively over the years about an operation first set up to smuggle tobacco and which just could not turn a legitimate cent, I feel somewhat vindicated. But there is more… Citigate Dewe Rogerson and the half to £1 million of shareholders cash spunked on nothing!

Tim Martin is once again this website’s hero of the day. The JD Wetherspoon (JDW) boss reports that trade is improving despite continuing assaults by those who thing we should boycott his chain because of Tim’s support for Brexit, including MPs and the loathsome newspaper founded on slave trading profits, The Guardian, who all stoop to lying. His statement today is cracking stuff.  The great man opines:

AIM-listed Catenae Innovation (CTEA) has announced a shares-for-fees deal with marketing consultancy Markops Limited. The shares, to be issued at 3.65p assuming the forthcoming AGM approves the lifting of the headroom available, will not hit the market until 28 September and are apparently worth £12,500. Now I’m sure that Markops are fine people, but……..

Hello, ShareTellers. While Tony Blair once famously said; ‘Education, education, education!’, I think we should adopt the suggestion to ‘Health, health, health!’ don’t you? Companies in this wide sector have much better chances in the future as part of the Covid-effect. So today let’s take a peek at EMIS (EMIS). This is an outfit that develops the latest technology for doctors’ surgeries and pharmacies.

And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Nigel Somerville on gold and where it goes next, on how to play the gold bull market, what stocks to buy and what non stocks to buy and how a gold bug positions the rest of his portfolio. Then Paul Atherley from a non gold miner, Pensana Rare Earths (PRE), a play on all this green shit everyone – bar me – seems to love. And I explain why I have bought Pensana shares even though I think man-made global warming is utter bunkum. Finally two stocks where the valuation is insane: Dev Clever (DEV) and Trainline (TRN). You can access the show HERE