By Tom Winnifrith | Monday 18 July 2016
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.
In between serving up more prize horseshit with its latest release Highlands Natural Resources (HNR) has claimed for itself almost psychic powers as it attempts to explain away previous lies.
Firstly, we are told that it has invested $53,734.16 to buy some more useless acreage in Montana to add to that it already owns in the Helios Two area. Quick! Call Standard Listed Opera Investments (OPRA). You will remember that when Highlands spunked c$91,000 on its original acreage in Montana, Opera agreed to buy that acreage for c£4.5 million just a few days later. After the revelation that Highlands's claims about that acreage were bogus, Opera walked but maybe it wants to bid £2.5 million this time? Okay not even Opera is that stupid. Once bitten and all that.
The critical admission came in the statement from Highlands that "Our exploration and resource identification process often leverages data that is not available through standard industry databases or online resources."
Aha. So Highlands claimed that its original acreage had shown signs of Helium gas in a well test in 1969. We then published the official filings showing that this claim was slamk dunk 100% untrue. So Highlands now claims that it has data which is not officially filed. Is it saying that Pan American lied to the Montana state in its 1969 filings. Would it care to verify how it can make that claim? What is its data? Has it spoken to the drillers of that well who must, by now, be almost 90 and probably dead, from beyond the grave? Pray tell.
Since Highlands is on the Standard list it can issue whatever lies it wants and there is no Nomad or equivalent which demands verification. Because even Roland "fatty" Cornish would not sign off on this claptrap. Needless to say the Bulletin Board Morons are loving it and the shares are sharply higher. For bear this is an opportunity to sell more and an opportunity not to be missed.
Meanwhile CEO Robert Price may wish to go to sleep tonight considering Proverbs 26, 23-28 (King James Version natch)
Burning lips and a wicked heart are like a potsherd covered with silver dross.
He that hateth dissembleth with his lips, and layeth up deceit within him;
When he speaketh fair, believe him not: for there are seven abominations in his heart.
Whose hatred is covered by deceit, his wickedness shall be shewed before the whole congregation.
Whoso diggeth a pit shall fall therein: and he that rolleth a stone, it will return upon him.
A lying tongue hateth those that are afflicted by it; and a flattering mouth worketh ruin.
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |