By Tom Winnifrith | Wednesday 14 September 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. Blog number thirteen....
The little oik Bellis from our broker Beaufort Securities was on the phone pointing out that the shares had been sliding since that placing a few weeks ago. I asked if his clients were complaining. "Don't be silly mate... you is 'avin a giraffe'" I was told. I was not sure what the man was on about and do wish he would speak "upstairs" English but he continued: "they dumped all the shares ahead of the placing they ain't stupid." I thought this was not quite cricket but it is nothing to do with me so decided not to pursue the matter - my hands are clean. However Bellis made a fair point, we will be needing to raise more funds for "working capital" before Christmas and so it would be jolly helpful if the share price started heading the right way.
Naturally Miss Skirt and I will be doing our utmost to broaden our institutional base at the Mines & Money conference in Hong King next April but we need to get the message out well before then.
Luckily at that point my old friend Jim Mellon called to invite me to a party with Nigel Farage at "The Tax Dodger" his pub in Notting Hill. Mellon was most insistent that Miss Skirt come along with me but I have known the old rogue far too long and so told him that on this occasion my good wife Lady Dover would be accompanying me.
The tone of Jim's voice changed a bit with that news. It seems as if the bunfight will follow the usual format. An early kick off, Farage makes a view jokes about how Johnny Foreigner at the EU wants to bring in new rules on banning warm beer, Roast Beef and Christmas pudding and we all get our cheque books out for UKIP. There was I thinking that the battle against the frogs was won but apparently these foreigners are a tricky lot so we need to keep up the pressure. Then Jim buggers off quite early to ensure that he is out of the UK and safely back at chez Mellon Brussels branch in the EU, well before midnight.
I mentioned, en passant, how difficult it was to get the market to appreciate the value of Global's assets. Jim Sympathised. He started telling me about his latest AIM listed venture SalvaRx where he bought a newly formed company for tuppance last year and then sold it into a listed company he controlled for £9 million in shares just a couple of months later. Now that is what I call wealth creation! Apparently AIM investors just do not seem to understand how clever Jim is so he has now invested in getting a new corporate video made and has announced that the great unwashed can watch it on youtube, whatever that is.
This seems like a good wheeze. I have asked or PR johnny Tarquin to send some of his young creative pals from the media world off to our exploration assets at L'Ebola in Bongo Bongo land with a video camera to get things started. Then we can get a few words of wisdom from me in London, explaining our value creation strategy and Bob's your uncle.
Meanwhile I have told Tarquin to get the Daily Mail market reporter to report that Jim Mellon has been having discussions with Global Mining and that "market sources" believe that he is considering injecting a newly incorporated biotech venture, which is set to cure cancer, into Global Mining.
To be continued...
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