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The View From The Montana Log-Cabin As Gold Corrects, Sort Of, Whilst Clouds Gather
Gold closed the week at $2,337 having corrected back from last week’s $2,391. But after testing $2,300, it drifted north again. Meanwhile Gold stocks had a better time of things, almost back at recent highs as can be seen on the chart of Gold VS mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).- By Nigel Somerville |
- 3 hours ago |
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Tom Winnifrith Bearcast: the FRC being proactive on Regtech, here is how the end game plays out
I start with some hands/gardening news then a last word for the weekend on the Regtech (RTOP) fraud scandal and accounting nightmare. the FRC has already responded to my mail of earlier.- By Tom Winnifrith |
- 3 hours ago |
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BREAKING: Has Tintra, the AIM Company of the year 2022 and a total Norfolk, been wound up for real this time?
You may remember that earlier this year, death spiral provider Fintech Leaders Fund served a winding up petition on Tintra Ltd, formerly Tintra PLC (TNT), the AIM Company of the year 2022 over a bill which was a fraction of the amount of net cash Tintra claimed to be sitting on when it delisted. That order was stayed for 56 days as Tintra promised to pay. Wind forward to 24 April…- By Tom Winnifrith, the Sheriff of AIM |
- 5 hours ago |
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Letter to the Financial Reporting Council: Auditors LB Group & the fraud Regtech Open: ref relevant experience
Yesterday I dropped a note to the boss of the UK’s 72nd largest accountants LB Group warning him of his mistake in agreed to do the books for the fraud Regtech Open Project (RTOP). Today it is the Financial Reporting Council getting an email suggesting that it be proactive in stopping LB acting for Regtech. For by its own admission LB is not qualified to do the job.- By Tom Winnifrith |
- 9 hours ago |
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Sunday Long Reads: Obituary Pirates, Heiress Art Heist, Taliban Social Media, Gagging Trump, Columbia University’s Liberated Zone
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 9 hours ago |
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The ShareProphets Sunday Pub Quiz #233
It's time for the ShareProphets Sunday Pub Quiz. There are still no prizes! And remember, no Googling!
- By Darren Atwater |
- 10 hours ago |
Visual Aid: The World’s Top Media Franchises by All-Time Revenue
From Pikachu to Hello Kitty, some media franchises become so big that their iconic characters are recognizable to nearly everyone in the world. But how exactly do these mega media franchises make their money, and how do they compare in terms of all-time revenue?
This graphic visualizes and ranks the world’s largest media franchises by their all-time revenue, showing the main revenue sources for each media franchise using data from Fandom.
- By Darren Atwater |
- 11 hours ago |
Notes from Underground – Most read articles for the week ending 27 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 by Steve Moore, with Aferian – “positioned… on the strongest possible foundation for the future”. Er, what about the trading warning, maturing banking facility & upcoming lack of CEO?! at No 3 or No 9 including Bearcasts.
- By Darren Atwater |
- 11 hours ago |
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Tom Winnifrith Bearcast: So what if UK listed companies go abroad? I blame the greed of the City
I discuss the sharp fall in AIM stocks and the apparent loss of blue chips to bids or relistings which seems to terrify Andrew Monk, Paul Kavanagh and the deadwood press today. I blame crony capitalist greed and argue it does not matter. Then more on the Regtech Open (RTOP) auditor issue.- By Tom Winnifrith |
- 1 day ago |
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A failed fund manager writes again ( not me silly, it's the blogger Neil Woodford)
The disgraced Woodford, exposed by this website, has written again explaining why we should all be cheerful and this time he explains why we are actually all so much better off. Whatever you say Neil.- By Tom Winnifrith |
- 1 day ago |
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Reg Tech Open Project - the auditor fiasco, a letter to the new bean counters, they have been warned!
In yesterday’s RNS, the fraud Regtech Open ( RTOP) 'fessed up that it had misidentified PKF Littlejohn Frazer the reporting accountants who signed off on the Regtech numbers in the Prospectus issued on 23 August 2023 as both reporting accountants and auditors on page 33 of the Prospectus.- By Tom Winnifrith |
- 1 day ago |
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React Group – first-half “growth across all three divisions”, Buy
Cleaning, hygiene, and decontamination group React (REAT) has issued a trading update emphasising half-year ended 31st March 2024 “good sales growth across all three divisions of the business… Adjusted EBITDA of £1.3m up 38%”. How good is the news from a currently up to 72p offer price for the shares?- By HotStockRockets |
- 1 day ago |
This Slick Data Gatherer Could Gather Some Share Value in this Evermore Complex Digital World.
Hello Share Hunter/Gatherers. This ancient punter trawls the market for IT companies that could prosper for you in an ever more complex, but financially exciting, technological word. Today’s offering for your further research is a company called 1Spatial (SPA).- By Malcolm Stacey |
- 2 days ago |
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Carclo – ‘exceeded expectations’ trading statement arguing “now enjoys a strong financial foundation”, fooling itself or trying to fool everyone else?
Previously on components company Carclo (CAR), in July last year with the shares at 12p I asked can it really now “approach the future with unwavering optimism”?, concluding still funding risks and a below £9 million market cap far from provided ‘unwaveringly positive’ equity funding options. The shares are currently slightly above the level of then, though only after a more than 70% rise today on the back of a trading statement – so how good is that?
- By Steve Moore |
- 2 days ago |
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Tom Winnifrith Bearcast: Farewell and RIP Miles Stuart-William
Just sixty, a true City gent, it makes you think. I then comment on Anglo American (AAL), Darktrace (DARK), World Chess (CHSS) and Regtech Open (RTOP) and its new auditors and on Victoria (VCP)- By Tom Winnifrith |
- 2 days ago |
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Thruvision – trading update emphasises expects to “reach profitability in the short-term”. Hmmm, how short is the term?…
Previously writing on self-described “leading international provider of walk-through security technology” Thruvision (THRU), in November with the shares at 20p I questioned ‘a robust base from which the group can profitably grow’. So what of today a trading update and the shares currently at 17.5p?
- By Steve Moore |
- 2 days ago |
Video: We are Experiencing Precious Metals History
Writer Christopher Aaron notes that although gold prices saw a spike due to recent events between Iran and Israel, they gave back most of the gains shortly after. So is the bull run over?- By Tom Winnifrith |
- 2 days ago |
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Ariana – More Thoughts On Yesterday’s Surprise Move
I’ve been chewing over the announcement yesterday by AIM-listed Ariana Resources (AAU) which is to takeover Rockover Holdings, the owner of the Dowke Gold project in Zimbabwe. There are a few salient points here.- By Nigel Somerville |
- 2 days ago |
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Tom Winnifrith Bonus Bearcast No 2 - a long Zoom call with Kerim Sener and buying more Ariana shares
My hands really are playing up today with the old Carpal Tunnel Syndrome. I shall be seeing the Shipmans later today. So there will be three podcasts today as I explore more complicated subjects where i just cannot knock out 3000 words right now! Second up, I bought more shares in Ariana Resources (AAU) last night and today enjoyed a long zoom call wit Kerim Sener, its CEO. I hope this podcast puts some of the canards doing the rounds to the sword and explains why I am so enthusiastic.- By Tom Winnifrith |
- 2 days ago |
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Fresnillo – Q1 production ‘in line with expectations’, sector recovery-underway Buy
Metals miner from Mexico, Fresnillo (FRES) has announced that it has started 2024 with production performance in line with expectations and a focus on the advancement of its growth pipeline. With also an improving sector environment, we look for further upside from a current 580.5p share price.- By Tom Winnifrith & Steve Moore |
- 2 days ago |