Lucy Wray: UK Investor 2017 the biggest & most exciting yet - Great reasons to book NOW for April 21 2018!
Cloudtag AGM: rats jump ship, Lyin' Amit lies again and no mention of (lack of) cash - what's not to like?
Published 16 days ago
I looked at MySQUAR (MYSQ) recently commenting on the apparent conflict between the broker, Beaufort Securities, and its lender, Sandabel Capital (HERE). The good news is that the Sandabel deal has now come to an end. The less good news is that the average PI here has just been played like a fiddle with a classic pump and dump and it is worth taking a closer look.
Published 36 days ago
I explained some time ago why I thought that the management of Bushveld Minerals (BMN) had treated retail investors with clear contempt and why that made the stock uninvestable. In the short term this can go anywhere, in the long run shares in companies run by scumbags usually head south. I wake up and find that the shares are now 7p and so - with a lot of "assistance" from a great broker we can note.
Published 70 days ago
I started writing this article on Xtract Resources (XTR) yesterday morning and was going to comment on how sentiment was turning and Colin Bird’s straightforward approach in recent RNS’s was to be applauded and then – WHAM - a placing RNS from hell and I’ve had to rewrite the whole piece. Thanks Colin!
Published 156 days ago
Sula Iron & Gold (SULA) had an active last week. Cracking news on the ground (the pump) followed by...you guessed it: the dump. A placing. But. hang on...
Published 161 days ago
Christ I am naive. There was I thinking that all the twitter and Bulletin Board ramping during the past two weeks was there to allow disgraced PR genius Steffi to dump her few remaining shares in this worthless piece of Turkish. Oh no. Silly me. It was a pump before a different sort of dump. A bail-out placing dump. The release is a hoot. It can only have been written by a compulsive liar. Remind me: who does the PR again?
Published 177 days ago
Having pumped up the share price at the start of last week with yet another ramptastic operations update, all rather predictably comes the dump. This morning AIM-listed Frontera Resources (FRR) announced the draw-down of another £382,550 under a Standby Equity Distribution Agreement (SEDA) – for which read death spiral – with YA II PN Ltd (for which read Yorkville). Another wheelbarrow-load of confetti, 402,684,211 shares, has been issued at 0.095p per share. We are told this will be used to advance work programs of the Company.
Published 255 days ago
Shares in Pennant (PEN) closed May at 34.25p before... 1st June: “New Contract Awards worth in excess of £13 million”, 16th June: “New Contract Award and Trading Update”, 19th July: “Record Order Book drives expansion of premises” - and now there is a dump extraordinaire...
Published 370 days ago
After issuing 22 RNS announcements this month alone and 63 since February 11 2016 the pump phase is over, next comes the dump at Metal Tiger (MTR)
Published 434 days ago
Two positive-looking RNSs, one each on 9 Feb and 16 Feb saw shares in AIM-listed ValiRx (VAL) shifting about sharply. On 9 Feb the shares shot up from a previous close of 15p and peaking at 18.25p before topping out at 21p the following day. Then Tuesday's news saw the shares close down at 13.25. And lo and behold yesterday we had a keep-the-lights on placing to raise £0.5 million at just 12p a share.
Published 687 days ago
After the Schlumberger shares pump of last week in a brazen and shameless manner AIM Casino listed UK Oil & Gas is now passing the hat around in a quite brazen and shameless fashion.
Published 1025 days ago
Another day and another “contract win” announced by Avanti Communications (AVN) – natch the value is undisclosed. Friday’s Victor Meldrew “contract win” was – as I explained HERE – very peculiar indeed. And the directors are all making small share purchases. Its ramp ramp ramp time because Avanti desperately needs to do a placing.