By Tom Winnifrith, The Sheriff of AIM | Thursday 5 January 2017
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 an article just before Christmas Lucian Miers explained very clearly why at 21.5p shares in uber-ramped harvest Minerals (HMI) were a slam dunk sell. He makes hard and valid points - including that a placement is looming - HERE. The shares are now 17.5p to sell. And so a loon has emailed Brian McMaster who runs Harvest and posted his reply on the LSE Asylum. Brian the ramper fails to answer Lucian's points, fails to deny that it is placing ahoy but instead brands Lucian an "internet troll." McMaster writes:
Thanks for your email
I broadly keep up to date with the musings of the chat boards. I'm aware of the article that you refer to. I have no interest in responding. I can say, neither me nor anyone else from Harvest has spoken to the author and as such we can only assume the comments are a "best guess".
Your comments around a placement are noted. Our job is to add shareholder value. It's what you want and it's what I want. Any decisions about acquisitions, placements, divestments, whatever will be made through that prism. The decision won't be made in response to chat room banter. I think that's appropriate. Building a company takes a strategy and time. Being an internet troll takes a lap top. They are not the same thing.
We will stick with the tried and tested route.....and desk tops.
I hope 2017 is a great year for you and your investment decisions.
Lucian Miers has been making money from stockmarket ramps and frauds by going short for more than a quarter of a century. I'd rather back his analysis rather than the protestations of a seedy stock promoter like Brian McMaster. When such individuals resort to abuse rather than answering valid questions you know they are running scared.
Harvest remains a slam dunk sell.
PS. The post has just been removed. Sadly we have a screen shot so the folly of McMaster is evidenced for all.
Never miss a story.
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