UK 11:14 Tuesday, 27 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
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Comments
Bearfacts
Re Marechale (MAC) it s unfortunate Pi’s get caught in these ramps like for instance on Lse jimmy1969 announced had bought £50k at 4.12p and it now half that, just hope people got out during the day or if they holding it not material amount to them.
But suppose Pi’s are just the ramp foder for the key rampers (we know who) who ramp it to get pi’s who mostly have done little research or believe the crap and jump in on spikes ect so the key rappers make a quick kill and move on.
The FCA should look at regulating this better.
All the best
Drunken Sailor
LGO no one is watching o’clock RNS:
LGO chief executive Neil Ritson is today speaking at the local Energy Chamber Conference in the Port of Spain, Trinidad. Mr Ritson will be providing a general update on the Company’s activities. The Company will not be presenting any information not already released to the market. The presentation is accessible via the link set out below on the Company’s website.
http://issuu.com/lenigasandoil/docs/lgo-energy-plc__energy_conference_1
Slide 2: 12 Month production average to Jan 2016 1153 BOPD – which implies Q4 production – not released to the market and not signed off by a Nomad was 1712 BOPD, given Q1 was about 1044 BOPD, Q2 was 953 BOPD (Operating loss of £1.2M with Capital costs of £5.1M in H1) and Q3 a miserable 896 BOPD. Even assuming Spanish assets did 180 BOPD throughout Q4, this rise is impossible. Clearly some Lenimaths and market abuse going on here!
Slide 19 does admit that a refinancing is needed in Q1/16.
Tom Winnifrith
DS
Fear not – am on the case going at this with both barrels in am (esp for Wildes)
t
Drunken Sailor
Tom some official No’s to help you:
http://www.energy.gov.tt/wp-content/uploads/2016/01/Nov-2015-Consolidated-Bulletins-15-01-2016.pdf
Overall ISPC figures show slight rise in Oct, then another fall in Nov well down on annual average. My guess is LGO group production in Nov was around 750 BOPD and falling.