There are some situations in life where you want everyone to lose: a Manchester Derby for instance. The contest to be the next Archbishop of Canterbury is usually in this category. Which BBC staff get fired because of cost cuts is another. And here is another of these battles

Rockrose Energy (RRE) today announced an agreed all cash takeover at 1850p, which is a substantial premium to Fridays close of 1130p. I did not like elements of the business and called it a sell back in March and avoid at the May Share show in my chat with Tom Winnifrith. Given the share price was around 706p on the first call and 900p at the second– I think that’s called getting it very wrong. I talked Tom out of buying the shares and so have cost him £9,000 and as a result my career with Shareprophets hangs in the balance.

Drowning in debt Cineworld (CINE) was in a hole when Covid struck. It had agreed the $2.1 billion purchase of the Canadian chain but with all of Cineplex’s theatres going darker than Justin Trudeau’s face on party night, thanks to the shutdown, and with Cineworld’s existing 787 theatres also shuttered, going ahead would have been financial suicide.

Hello, Share Speakers. It’s a while since anyone on this amazing site, referred to Avacta (AVCT). But it still remains one of the biggest talking points in the share world. It’s one of those covid related stocks, which like most of them, goes up and down a lot every day. Uncle Tom is very bearish on Avacta, but I notice that unlike some luckless companies, it’s not being shorted too much.

i comment today once more on Boohoo (BOO) but also clarfify my position on the minimum wage as I seem to have confused some of you. I also look at Amigo (AMGO) the biggest market riser on Friday but I am not so sure it is justified. Finally, it is just 13 days to MineProphets, please make life easy for Darren and book your ticket early, ie today, HERE

Supply@ME Capital (SYME) must hold some sort record for incompetence by managing to show Proforma Net Assets of £226.3 million in its Prospectus dated 4 March 2020 which then become net assets of only £778,000 as shown by its accounts as at 31 March 2020 when announced on 1 July 2020.  I have explained why this is such a monumental scandal and what happened HERE. But who exactly is to blame? This will shock you. 

Fund manager Mark Magarian was bullish on the gold market before the crisis began since they were expecting some action by the Fed. However, the pace of the Fed’s efforts has been vast and rapid and thus, he says, he would be absolutely shocked if we don’t see $2000 for gold soon.

Back on the 10th March, I made a couple of observations which - when I read them back now - are worthy of further comment.  The first was back then I observed that "I have yet to see widespread 'I am never coming back to the stock market' thoughts".  That was a useful spot in the sense that markets bottomed two weeks later at which point I saw a lot more of that behaviour which is indicative of a tactical market low.  As always watching for extremities in greed or fear is helpful for the stock market investor, especially over the shorter-term.  

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? 

This has nothing to do with shares or investing or anything. It's the end of the weekend and we've organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete's sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won't get a prize.

The most read non-Tom article this week is Gold ends Q2 on a high, Centamin, Ariana and a breakout? by Nigel Somerville is at fantastic number four or number 11 including Bearcasts and Tom's new shareshow.

A letter arrived this morning. What is so unusual? Well, for starters, it is dated Monday – not last Monday, but Monday in two days’ time! Someone has got H G Wells’ Time Machine. But that was not the only curiosity……..

Just two days before Wirecard, Germany’s biggest fraud since Hitler, was unmasked, it became the latest in a line of frauds to get a glowing endorsement from Ed Croft’s stock picking system at Stockopedia. And thus, the CEO’s of ten gold stocks should be warned that they too have been granted the sweet kiss of death that is a Stockopedia endorsement. Gulp…  I own one of them.

Will the prudent again be penalised by the Tories, this week?

KEFI Minerals KEFI) has updated on its flagship Tulu Kapi gold project including that prospective Ethiopian private sector investor ANS Mining “has not met the published deadline of 30 June 2020 for making its initial investment”. So why currently a share price rise, back above 1p?...

Kazakhstan-focused gold mining company Altyn (ALTN) “is pleased to announce that the bond issue on the Astana International Exchange (aix.kz) was fully placed… raising the targeted $10m amount”...

At 5.07 PM yesterday, AKA no one is watching o’clock, after a series of exposes on this website, about its failure to tell the truth to investors Iconic (ICON) issued an “Update on Joe Media and Other Business Update.” It vomited up a series of excuses for failing to conclude deals previously announced and forthcoming dire results with minimal turnover and significant losses.  The text in bold is what we imagined Directors were thinking as they drafted this statement.

I start with a few words on the end of lockdown for those of us living within 5 miles of England. Then I look at the growing scandal involving Boohoo.com (BOO), and its suppliers using slave labour in, Leicester, spreading disease and treating workers like, well, slaves. It is a scandal. But who will Baillie Gifford which wanks for Britain on virtue signalling ethical investing (see HERE) react as it is a major Boohoo backer? Now Matt Earl's words about bumper margins at Boohoo, in my second video show HERE,  seem even more prescient.  PS remember to book your seats for MineProphets on July 18 HERE.

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...

Hello, Share Chompers. Once again, I include in my article a word you probably don't know. See if you can identify it. Now, nobody need tell armchair tycoons like ourselves that nothing travels in a straight line. The most promising share will take two steps back for every three it rises. We also know that everything in Shareland takes longer than expected. Now I agree with Uncle Tom (a fairly rare event) that before long the virus will become far less common and will no longer trouble the world’s economy. But the threat is not receding as fast as we might have expected.