By Tom Winnifrith | Thursday 18 August 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.
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. This blog will appear only on ShareProphets...
August 18th 2016
After forty years experience in the City I jolly well know far more about mining than most investors. This explains why Global Mining Endeavours shares sit at just 0.05p: it is just that investors do not know what they are doing! So our PR johnny, Tarquin, whose father was my fag at Eton, says that I must educate everybody so that our share price reflects the vast progress we are making on the ground.
By we, I hope you don't think I mean me. It is not my job to head off to meet the darkies out in Bongo Bongo land to see what our fine company is up to. I leave that to our CEO Mr F van der Dinkum. He appears to have spent the past 12 days in Brazil researching a new opportunity but promises to be back in six days time. The man is more than justifying his £250,000 a year salary and is working hard for all shareholders. After the next placing we must give him a bonus to keep him incentivised.
I digress. Van Der Dinkum deals with the natives. My job is handling matters in the City of London. Ever since pater got me my first job after I was sent down from Eton, the City has been my morning, noon and night. Over the past forty years I have been a director of nineteen mining companies. Sadly of them has ever actually made a profit or indeed produced anything but that is not the point is it? AIM boasts of how it has raised whatever it has for growth companies. In my careeer I have raised well over £400 million to support the mining industry and however you look at it, I regard this as a lifetime of achievement.
I suppose with our shares at 0.05p ... what? They are now 0.045p. Cripes. I fear that word of the next placing being organised by that little oik Bellis round at Beaufort is seeping out. I digress again. With the shares down by 99.5% since our flotation (or IPO as those vulgar Americans term it) in happier days, I am reminded of the poem by Sir Henry Newbolt:
There's a breathless hush in the Close to-night --
Ten to make and the match to win --
A bumping pitch and a blinding light,
An hour to play and the last man in.
And it's not for the sake of a ribboned coat,
Or the selfish hope of a season's fame,
But his Captain's hand on his shoulder smote
"Play up! play up! and play the game!"
The sand of the desert is sodden red, --
Red with the wreck of a square that broke; --
The Gatling's jammed and the colonel dead,
And the regiment blind with dust and smoke.
The river of death has brimmed his banks,
And England's far, and Honour a name,
But the voice of schoolboy rallies the ranks,
"Play up! play up! and play the game!"
In that spirit, Tarquin tells me that I need to explain to private investors why things are going so well. To be honest I'd rather not mix with the great unwashed but in this modern world of the interweb I understand that I must indeed play the game and so am becoming a blogger, whatever that is...
To be continued...
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