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TSTR
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Buy Tri-Star Resources for a 33% quick gain

We tipped these shares two weeks ago at a 14.5p offer. Despite the general crash the offer is now 15p. But the thesis and buy case is unchanged.

BKY
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Berkeley Energia – interims, remains a speculative buy

Berkeley Energia (BKY) has reported on its half year ended 31st December 2019 as it “continues to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine”

Crash

Podcast: Coronavirus vs the markets, the read across for oil, gold and silver

Newsletter editor David Skarica talks a lot of sense in the latest podcast from Palisade Capital. He starts by comparing Covid 19 to the Spanish flu pandemic of 1918 and discusses why it was under-reported.

Bearcast
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Tom Winnifrith Bearcast: did you hear all those bubbles (we warned you about) bursting?

In today's podcast I talk about the sell off and discuss the shape of the recovery that will happen in the real economy and in equities but warn against optimism on the rate and timing of that recovery. I look at Restaurant Group (RTN) which, again, I warn is a disaster waiting to happen, then at various bubbles that have burst  in the past few weeks including bitcoin (ha Dominic Frisby take that!) cannabis, junk bonds and AIM shite and discuss a few companies in those sectors. I also clarify a point on bailouts for the benefit of NoGold.

PTAL
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PetroTal Corp- Is the truth now emerging – could it be a Zero?

I wrote positively about PetroTel Corp (PTAL) in June and could see real potential for a business of significance to be established. In November I saw the need to restate the cash position as a serious negative together with the lack of Board level oversight as a reason to sell. Last Tuesday the company provided some good detail on the likely operational cash flow at various oil prices. Despite this good guidance (many other oil company’s should note the disclosure detail of netbacks at various oil prices), I have not changed my view. This company needs more working capital.

IQE

Table of shorted AIM shares - week to 13/03/2020

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

Elementary, My Dear Watson. Big Crises Often Become Big Bounce Backs.

Hello, Share Plumpers. At the end of an old film, made in wartime by the great Basil Rathbone, Sherlock Holmes says ‘A cold cruel wind is here, Watson. But once it’s blown through, Britain will be a cleaner, healthier place’. I always recall these worlds whenever a national crisis, like the Falklands War or the big bank crash strikes. We are soon back to normal and shares are often better for it.

Gold
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Malcolm Burne's top Aussie Gold picks

In a bearcast earlier this week I mentioned how the legendary gold stock picker Malcolm Burne was buying some Aussie miners as a currency and gold play and folks asked "but which ones?" So I asked Malcolm who said:

MNO

Maestrano – new CFO & Non-executive Director, they need good luck?

“Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the appointment of Mr Nicholas McInnes as a non-executive director and Mr Robert Lojszczyk as Chief Financial Officer and an executive director”. With I having previously noted here Maestrano – another disaster IPO on the AIM casino warns againintra-day (10:36am) “Trading Update”… having listed less than a year ago, not again surely! and another intra-day “Trading Update”, not again surely!, is it good luck needed to them?!...

Bearcast
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Tom Winnfrith Bearcast - a long chat with Lucian Miers

I had a long chat with Lucian Miers who is right now in Cambodia ( cue cheap Gary Glitter jokes from morons on ADVFN). We discussed coronavirus and the state of the markets. What to buy in the FTSE 100 and his shorts: De la Rue (DLAR), Versarien (VRS), Easyjet (EZJ), IQE (IQE), Apple, Tesla and Purplebricks (PURP) and also the ethics of bailouts and what Governments will be allowed to do., I also comment on Finablr (FIN) and panic selling in Big Sofa (BST)

TWD

Trackwise Designs – acquisition & “provision of growth working capital”… or keep-the-lights on funds?...

Trackwise Designs (TWD) “is pleased to announce that it has conditionally acquired Stevenage Circuits Ltd for a total consideration of up to £2.457m… is also pleased to announce that it has conditionally raised approximately £5.87m”. Hmmm…

BPC

Bahamas Petroleum gushes 100% Corona-bollocks – sell

Two pulled placings, awful userous death spiral financing, ramping a plenty and a crazy valuation – everything tells you that Bahamas Petroleum (BPC) was a stonking short. And now it has announced a delay to drilling of the Perseverance #1 well in the Bahamas citing the Coronavirus as its excuse. What total bollocks.

Black-Swan
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"Do we have a banking problem, Houston?"

Unless you were Warren Buffett with a bunch of cash ready to put in and a billionaire status, that was not fun yesterday. All longer-term investors know that a day like yesterday (or a period like the last few weeks) goes with the territory but each crisis is different and just because you have racked up honing in on twenty-five years kicking around the professional investor game, it does not mean you have seen it all. Naturally, events make my philosophical…

OPTI
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OptiBiotix – modified and extended agreement RNS emphasises attractiveness & share price fall

I have communicated with Steve O Hara. The share price of Optibiotix (OPTI) is 34p and that is freaking some folks out. The share price does not reflect what is going on. I think a formal trading statement would be useful.

G3E
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G3 Exploration – where’s the goddamn statement you insolvent shysters?

Tick Tock, tick tock. On February 7 insolvent G3 Exploration (G3E) said it expected to announce a refinancing by March 13 2020. Well Guess what folks it is March 13. So where is the Goddamn statement from the shysters?

TLW

Do You Still Want to Follow the Fellow Who Follows Tullow?

Hello, Share Rockers. This old punter has held Tullow Oil (TLW) shares since Abraham was a teenager. But I’m inclined to sell now. Perhaps not at the moment as the virus continues to have its wicked way, but that won't last forever. The latest figures, which don't really reflect the virus effect, are not that good...

MOSB

Moss Bros – thankful for the cash offer?

“The boards of Brigadier Acquisition Company Limited and Moss Bros (MOSB) are pleased to announce that they have reached agreement on the terms of a recommended cash offer” – and shares in Moss Bros are currently circa 50% higher at 20.5p…

SJH
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St James House – is the cheque really in the post for this dreggie AIM POS?

In the current climate, I would be very guarded over handing over a cheque to subscribe for shares in any company, let alone AIM-listed St James House (SJH) – the former Lord Razzall disaster that was Boxhill Technilogies (BOX).

WALG

Filthy Forty Walcom – fat lady delayed again, but CEO still hasn’t coughed up

And so the Wagnerian opera that  is AIM-China Filthy Forty play Walcom (WALG) continues. To recap, it is out of cash and dependent on yet more loans from its CEO for survival which as yet had not been forthcoming….

Bearcast
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Tom Winnifrith Bearcast: stockmarket Bloodbath

I start with the markets, coronavirus, hapless Donald Trump and other matters. It is all a mess. Some folks are really hurting and I explain how this can affect you. Then I look at Cineworld (CINE), Mosman Oil & Gas (MSMN), Nostra Terra Oil & Gas (NTOG), Big Dish (DISH), NMC Health (NMC), Finablr (FIN) and Metro Bank (MTRO)

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