By Tom Winnifrith | Sunday 16 October 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 Ben Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be candid in his approach. Blog number eighteen....
The AIM awards ceremony last week was a jolly good bash. We ate, we drank and then we drank some more. And after the official event drew to a close, the oik Bellish from our brokers Belfort whisked myself, Miss Skirt, my good friend Chris Cleverley and a number of other pillars of the AIM Community off to a private members club in Soho for a nightcap or four. By the end it was all a bit of a blur but shareholders should know that my dedication of the cause of creating value at Global Mining Endeavours means that I often burn the candle at both ends.
In fact I was so jolly exhausted that I felt the need to extend my stay in London for another night to recover. Naturally Miss Skirt ensured that the accommodation was arranged in a way to minimise the cash outlay for shareholders. As we awoke at the Savoy on Saturday morning my young PA turned to me and reminded me that I should tell you who won the award for AIM entrepreneur of the year.
I am sure that loyal shareholders will be disappointed to hear that it was not me. It was not to be my year despite the great efforts we have made in broadening our shareholder base, in communicating with investors and in delivering the highest standards of corporate governance. None the less to have been shortlisted with titans of industry such as Mr Robert Simon Terry is a vindication of our strategy. Shareholders should see that as a strong sign that, notwithstanding the 88% fall in our share price over the past 12 months, we have been creating real value, a matter noted by our peers on the world's most successful growth market.
I was, on the day, beaten by a better man, that is to say my good friend Mr Chris Cleverley of African Potash. The young whippersnapper has been a director of 29 companies of which 26 are now in receivership but that should not be held against a man who says that his expertise has been in the Not For Profit sector. As you may know, Chris is the greatest living expert on how to interpret the AIM rule book with his speciality being on how to tell complete lies ahead of fund raisings. He really is the sort of man that has helped make AIM the world's most successful Growth Market.
He was accompanied at the awards ceremony by his most excellent NED, Lord Peter Hain. I tried to get a few pointers from his Lordship on matters of corporate governance but he appeared to be too busy trying to cadge blank tax receipts off our PR johnny Tarquin, to illuminate me. None the less I am now more determined than ever to get a political heavyweight on board to strength our Non Executive team.
But that is for next week. Miss Skirt says that all work and no play makes Ben a dull boy. Must rush....
To be continued.
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 |