Notes from Underground – Most read articles for the week ending 6 April
Here are the most read articles and the most listened-to Bearcasts over the past seven days. The most read non-Tom article last week is Nigel Somerville with The View From The Montana Log-Cabin As Gold Tries And Fails To Push Further Higher at No 12 or No 20 including Bearcasts.
- By Darren Atwater |
- 7 April 2024, 11:50 |
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Tom Winnifrith Bearcast: why are gold stocks we all own not even higher? Setting targets for a few I do own
My gold portfolio is doing well but remembering the last bull market should it not be doing even better. I discuss that and set a few targets for when I will be selling shares like Centamin (CEY), Ariana (AAU) and Amaroq (AMRQ) which, together with Jubilee Metals (JLP) are my biggest mining holdings.- By Tom Winnifrith |
- 6 April 2024, 19:54 |
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Atalaya Mining - £4 Short-Term Tip Target Achieved: What To Do Now?
Back on 3rd December, a Sunday, I suggested that AIM-listed Atalaya Mining (ATYM) was worth a flutter for a re-rate to come. The shares had closed the previous Friday at 327p and opened on the Monday at 332p. My thinking was that with the company planning to move to the main market and changing its domicile as part of the process, allowing trackers to take a position as it surely headed for the FTSE250, it would create additional buying pressure which would move the shares northwards.- By Nigel Somerville |
- 6 April 2024, 19:26 |
A new alternative Bearcast link for those having problems
Some Bearcast listeners – like me – are still having trouble getting new Bearcasts with the Apple Podcast player on iPhones and computers. This is some sort of Apple issue – the secret Bearcast feed works fine for everyone else. So I have created a temporary workaround until Apple pulls its finger out of its ear.
- By Darren Atwater |
- 6 April 2024, 17:49 |
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Belluscura – do I want to bet against Mr. Magic?
Betting against Britain’s Buffett Nigel Wray and the great Adam Reynolds of keyboard infamy by shorting Belluscura (BELL) has been a profitable trade and you can thank me all for your vast profits by bringing a gift of a bottle of Metaxa to Sharestock. But now John Gunn has entered the scene. No not the John Gunn of Inspirit (INSP), but John Humphrey Gunn, a man known in the 1980s as Mr Magic.- By Tom Winnifrith |
- 6 April 2024, 11:06 |
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Brand Architekts – interims, a significant discount to net assets Buy
Beauty and personal care group Brand Architekts (BAR) has announced results for its half-year ended 31st December 2023 emphasising a strategy of deliberate brand rationalisation, portfolio focus and rigorous cost control against the backdrop of a challenging market. How is that trade-off from a current 22p offer price for the shares, just over £6 million market cap?- By HotStockRockets |
- 6 April 2024, 10:51 |
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The View From The Montana Log-Cabin: “The (Gold) Bull Market Is Here, People – It’s Time To Make Money”
After another strong week, Gold closed at yet another record high – now $2,330, well up on last week’s $2,233. Silver smashed through strong resistance at $26 (now $27.44) and, as can be seen on the chart below of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), they too had another good week and my Gold mining portfolio is looking far healthier than it has for a long time. That, after a week during which the US reported far stronger jobs than expected and US Treasury yields headed north (which should have stalled things somewhat), suggesting that precious metals have, for now, decoupled from everything else.- By Nigel Somerville |
- 6 April 2024, 10:48 |
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Amaroq Minerals – first underground mining blast at Nalunaq, with further upcoming catalysts. Value BUY, More than 50% upside
Amaroq Minerals (AMRQ) has announced that a successful first underground mining blast at Nalunaq has been initiated, emphasising this a “key step towards full commissioning of the Nalunaq mine”. This is just the start and we believe that further operational progress will drive a re-rate as this is, at a current 76.2p share price, £249 million ($315 million) market capitalisation, a value buy.- By Tom Winnifrith & Steve Moore |
- 6 April 2024, 10:46 |
Looking Hard at Probably the most Traded Share in Blighty - and Asking Why?
Hello Share Bashers. Week after week, the most traded share in Blighty is the Black Horse Bank. That deserves an examination by this most respected of financial websites. One explanation of the usual trading frenzy is the negligible spread. And that’s because - and how’s this for a circular argument - the shares are traded a lot. But there’s another reason. Most analysts reckon that at just over 50p the shares are a bargain. But not all do, which is why it’s worth probing again what the arguments are.
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RUA Life Sciences – “Business Update” emphasise its “resilience and adeptness”, but is it just more ‘jam tomorrow’?
Medical device business focused on “the world's leading long-term implantable biostable polymer (Elast-Eon)”, RUA Life Sciences (RUA) has issued a “Business Update” announcement “since the successful fundraise in December 2023” and what of the shares currently more than 9% higher to 12p in response?- By Steve Moore |
- 5 April 2024, 16:29 |
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Tom Winnifrith Bearcast: Happy Birthday Dad, he would have been 86 were he not in a better place
Of course my father is dead. But he would have been 86 today. What would he make of this crazy world? In the main podcast I look at BSF Enterprises (BSFA), Skinbiotherapeutics (SBTX), BB poltroons and a chairman who should be sacked, Contango (CGO) and Cadence Minerals (KDNC) and the curse of Alan Green- By Tom Winnifrith |
- 5 April 2024, 16:17 |
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Xeros Technology – another of Neil Woodford’s disastrous ‘revolutionising’ picks… so “Fundraising” (materially discounted, natch)
Most recently on Xeros Technology (XSG) last year with the shares rising to 4.15p, I wrote agreement with “potential to deliver substantial revenues”… so also the potential not to & how’s that balance sheet? – concluding that it was looking towards a funding crunch AGAIN and still a Sell. The shares most recently closed at 1.85p and now a “Fundraising”…
- By Steve Moore |
- 5 April 2024, 15:20 |
Video: The Economy is in Shambles, But Metals Are Still Heading Higher, silver to $100?
Asset manager David Brady is a bear after the heart of our own Nigel Somerville.- By Tom Winnifrith |
- 5 April 2024, 15:04 |
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Superdry shares suspension – it’s surely when not if?
After hours a week ago Superdry (SDRY) announced that its founder Julian Dunkerton was not going to make a bid. According to Liverpool’s greatest numbers man since Ken Dodd, the heavily indebted company will have sent about another £1.5 million to money heaven since then. Things can only get worse.- By Tom Winnifrith |
- 5 April 2024, 12:49 |
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GOTCHAL: Red Rock Resource and a partial ’fess, Lenigas ramps again
I flagged up a couple of days ago here how a twitter statement from Red Rock Resources (RRR) that at its main site in Burkina Faso, there was “gold, gold, f***ing gold everywhere” was not quite a measured and balanced RNS and needed correcting. Andrew Bell disagreed in the comments section below insisting that as a scholar and a gentleman he had played it with a straight bat. However….- By Tom Winnifrith |
- 5 April 2024, 12:42 |
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Argo Blockchain: Updates but as ever it is what it does not say that is the red flag
The word on the street is that Argo Blockchain (ARB) is, despite flogging its Mirabel facility, still looking to raise up to $25 million to help repay its borrowings which now stand at c$54 million. Natch’ there is no mention of that in a March operational update out today and it is not the only omission.- By Tom Winnifrith |
- 5 April 2024, 12:11 |
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The FRAUD Supply@Me Capital: a weak and incomplete update fails to convince
The latest kick the can down the road business update from Supply@ME capital (SYME) is a typical Alessandro Zamboni announcement full of promises of jam tomorrow. Zamboni famously said that Supply was “ready to fly” back in a Proactive podcast on 5 January 2021. Over 3 years later and more than 4 years since its RTO Supply is looking more likely to crash land in tits up alley. Wikipedia informs us that the Wright brothers actually did manage to fly in less than 3 years.- By Tom Winnifrith |
- 5 April 2024, 10:56 |
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Tom Winnifrith Bonus Bearcast: A tale of 2 non placings, discrediting management at Roquefort and Skinbiotherapeutics
This bearcast covers the shocking RNS statements issued today by Roquefort (ROQ) and Skinbiotherapeutics (SBTX). I'd like t shout Gotcha! But am too depressed by the dissembling and incompetence.- By Tom Winnifrith |
- 5 April 2024, 09:10 |
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Here we go again: is is market abuse or insider dealing at Roquefort? Will the FCA do anything?
Last time it was the fake bid for Superdry (SDRY) with an ADVFN (AFN) poster claiming he was an employee and had specific information. That was not true so it was not insider dealing but market abuse. Natch the FCA seems to have done nothing. So now here we go again.- By Tom Winnifrith |
- 5 April 2024, 08:12 |
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Wood Group – 2023 results, remains a recovery Buy
Energy and related services business Wood Group (WG.) has announced results for the 2023 calendar year headlined “Strong growth in first year of new strategy; upgrading outlook”. How good is the news from a rising towards 135p share price?- By Tom Winnifrith & Steve Moore |
- 4 April 2024, 17:14 |