Medusa Mining was one of the heroes of its particular sector going into the 2010 – 2011 metals bubble, but at least the winding down process until now has been relatively orderly.
Rather like the road to hell, the technicals of Jubilee Platinum over the past couple of years have been paved with good intentions.
While dissing the likes of Gulf Keystone (GKP) or Xcite Energy (XEL) can instantly lead to one having the popularity of an Operation Yewtree suspect, it beggars belief that despite a crushing share price collapse over the past couple of years no one appears prepared to admit that the bull argument died around the same time as the parrot in the Monty Python sketch.
Norseman Gold (NGL) has been kicked off AIM.
The history of Australian companies seeking a dual listing on AIM is not a happy one. With a vibrant mining sector in the land founded as a penal company, as a rule good companies have no need to travel to London to tap up British investors via the AIM cesspit.
The bad news just seems to keep on coming for the small cap resource sector. Share prices are in the dumps, funding is hard to come by and some companies are starting to exhibit signs of severe stress.
What the heck is the FSA called these days? Whatever. A reliable source has told Shareprophets.com that the UK regulatory authorities have been asked to investigate whether the listed asset stripping fund Damille fronted up by controversial corporate financier Brett Miller has breached concert party rules in relation to AIM listed 3 Legs Resources (3LEG).
AIM-listed AdEPT Telecom (ADT) is a company I have followed for a number of years now – this including covering it for a website I formerly wrote for and, more recently, on the Nifty Fifty (for details click here) – where the shares were added to the Penny Share (sub £20 million market cap) portfolio at a 54p offer price in November.
New World Oil and Gas’s (NEW) latest failed (ahem, sorry, “non-commercial”) attempt at finding oil in Belize has left many wondering at what point does a management team go from being very encouraged about a drill in progress to deciding not to test at all?
Greece is always a good place to think and think I did in spades last week. And so to the announcement. I am gay. I have been struggling for …. No only kidding.
Steve Moore and I tipped Adept Telecom (ADT) a couple of months ago at 54p to buy on our Nifty Fifty website and so naturally we are pretty happy about its cracking trading statement today which has seen the shares surge to 82p in the middle.
I described earlier in the week the disgraceful tale of Astar Minerals (ASTA), a sorry saga of investors getting screwed by advisers and directors banking fees
I commented after Greggs plc (GRG), the UK’s leading bakery retailer, announced results for 2012 last month that, with the shares at 492p, a continuingly unfavourable growth outlook meant the overall investment proposition did not strike me as attractive.
A 6 months sales jump of 34% would suggest that my lifestyle guru Evil Knievil may find himself in the King Canute position as far as his bear trade in fashion retailer ASOS.
While some stocks may leave us scratching our heads on a fundamental or technical basis, or even on both, the real secret to getting it right is to go for the set piece situations where the indications are very difficult to question.
Commissioned researcher Hardman is paid by companies to publish “independent research” on them. Oddly its research reports on its paying clients rarely come to the conclusion that the client company is overvalued.
Satellite operator Avanti Communications is one of those companies that clearly divides traders and investors right down the middle.
West African Minerals is a good example in terms of the recent charting history of how a stock’s technical fortunes can flip around entirely and once they do this U turn in the price action forces fans of a company to make awkward decisions: in this case how to deal with the prospect of a return to early 2012 levels under 20p.
An extended triangle formation based at 100p suggests that below this level Xcite Energy could head as low as 50p on a 3-6 month time frame.
Britain’s Buffett, Nigel Wray and commercial property tycoon Nick Leslau discuss the markets, investing, and property.
The June edition of the UK Investor Show Magazine is live featuring three resource shares to buy, two more share tips, a voting guide for investors, and where to emigrate if the wrong party wins a special offer expiring on June 14 and much more.
The prize is a cheap one way flight to Mars organised by Elon Musk a promoter who makes David Lenigas seem bashful and understated. The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 25 June.
Okay I do not own these shares personally. I case anyone is thinking of going for me in a libel case I own nothing but FIML, owned by my family trusts, has built from scratch a fairly sizeable portfolio of 18 stocks. For what it is worth here they are in descendeing order of current value.
My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.
Shares in Minoan (MIN) were up a smidgeon Friday but have been heading the wrong way all week. At the time of writing they are 7.5p-8.5p - a spread wide enough to drive a bus through. Market makers really do take the piss on occasion if not most of the time. Anyhow is anything wrong? Let's deal with the various rumours sent to us by email.
We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.
A couple of pieces this weekend on similar themes, namely insiders cashing in and unusual, or complete lack of, TR-1s. This first article looks at the astonishing amount of money seemingly made in no time at all by Chris Akers at Red Leopard Holdings (RLH).
Hello Share Pokers. If any more evidence was needed that we live in strange times it is this weekend’s news that the Bank of England was investigated by the Serious Fraud Office. I ask you!
Yesterday I revealed to you the 18 shares I own and thanks for all the comments. For the avoidance of doubt that portfolio started at zero four and a bit years ago and we have more than trebled our money to date. It happens. But I lied to you, the portfolio is incomplete. I own two other shares.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
In the latest video podcast from Palisade Capital, perhaps the world's best known resource fund manager, Rick Rule of Sprott, discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher. He is not optimistic when one looks at the collective balance sheets of governments with their underfunded pension plans and is acting on the assumption that the markets will get more volatile.
Rather as in the general election we found ourselves on the losing side at the Petropavlsovsk (POG) EGM. Peter Hambro and all bar two of the old board are out and nominees of the dodgy Russian shareholders are in. How should one view this?
The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made a “Level of Acceptances Update & Extension of Offer” announcement - and the independent director at InterQuest has responded…
Shares in Falanx (FLX) were almost 10p a month ago. The other day they were 6.25p to sell. What on earth happened? What fundamental event caused the company to lose more than a third of its value? Of course there was no such event. Price does not equal value.
Bellzone Mining (BZM) was floated by Canaccord in 2010 (on April Fool’s day as it happens). It raised £30 million at 35p to fund the development of an iron ore project in Guinea, West Africa, the baby of Aussie entrepreneur Nikolajs Zuks, valuing the company at £184 million. Seven years on the company is still in the feasibility stage, having spent $336 million of shareholders’ money and, with the share count having more than tripled, the market cap is £33 million.
The standout story of the week is Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half which not only takes the top spot, it only went up yesterday and easily blew past every other story as it was Tweeted and passed around the bulletin boards. It can be crazy when a story catches fire like that.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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