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Lashings of ouzo on my cornflakes, ScotGold suspended, the Fat Lady is boarding a train to Jockland
Oh dear, oh dear, as the disgraced tipster Mike Walters would always say as yet another of his recommendations went horribly Pete Tong. I have warned and warned about Scotgold (SGZ) for eons, publishing leaked internal emails which showed how parlous its financial position was, something the company tried to brush off with dissembling releases. Well, today, I hear that the Fat Lady is in a taxi to Kings Cross and preparing to head north… the shares have been suspended.- By Tom Winnifrith |
- 11 September 2023, 08:26 |
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Caracal Gold – 6 ominous words, you are being warned
The company that misleads investors over death spirals taken out and loans not going through and whose directors should therefore be in jail, Caracal Gold (GCAT) has called a GM to allow it to issue shed loads more confetti. The statement contains six ominous words which should fill any shareholder with dread.- By Tom Winnifrith |
- 11 September 2023, 08:20 |
Is It Worth Flying to Rio? Probably and Here's Why
Hello Share Thrashers. I’ve not commended Rio Tinto (RIO) to you before but I think it’s become worth a look. Unlike many jumbo miners, this outfit has a keen eye on future trends. And, if ever there was a strong trend that’ll climb even stronger, it’s the increasing support for green types of energy. To this end, Rio seems like an unlikely contender. But not so.- By Malcolm Stacey |
- 11 September 2023, 08:09 |
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Tom Winnifrith Bearcast: Malcolm and Nigel you may well both be wrong
I end with my sister cropping up on Radio 4 yesterday, I start with my dilemma about where to watch the Wales game. In between I ask Malcolm ( UK shares) and Nigel (gold) to consider if the assets they are loving up may be unloved for a very good reason.- By Tom Winnifrith |
- 10 September 2023, 19:26 |
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The View From The Montana Log-Cabin As Gold Settles Back But Holds $1900
Everyone is so bearish about the yellow metal. Even so, it remains within touching distance of its all-time high and held comfortably above the $1900 line closing the week at $1919 – down from last week’s $1940, but still fine by me. If everyone is bearish and it is still at this level, I’d suggest that is good news.- By Nigel Somerville |
- 10 September 2023, 17:34 |
Kefi Gold and Copper – “Saudi projects progress” update, bigger news VERY SOON
Having noted earlier in the week that a further update on the company's activities in Saudi Arabia is expected to be announced shortly, Kefi Gold & Copper (KEFI) has now issued this – and including that Jibal Qutman project trenching, diamond drilling and metallurgical testwork are ongoing and Hawiah project infill and expansion drilling campaigns are ongoing. That would be further potential news flow catalysts then.- By Hotstockrockets |
- 10 September 2023, 14:32 |
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Sunday Long Reads: Talking to Whales, King’s Speech Protests, Broken Blurbs, Murder BFFs, Chinese EVs
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?
- By Darren Atwater |
- 10 September 2023, 09:32 |
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The ShareProphets Sunday Pub Quiz #205
It's time for the ShareProphets Sunday Pub Quiz.. There are no prizes! And remember, no Googling!
- By Darren Atwater |
- 10 September 2023, 09:28 |
Visual Aid: Six Red Flags Pointing to China’s Economy Slowing Down
In this visualisation, we look at six important indicators that point to China’s economy slowing down. Data comes from the National Bureau of Statistics of China, the People’s Bank of China, and the General Administration of Customs, to see what is flashing red. As usual, courtesy of Visual Capitalist.
- By Darren Atwater |
- 10 September 2023, 09:25 |
Notes from Underground – Most read articles for the week ending 9 September
Here are the most read and most listened-to articles and Bearcasts on ShareProphets over the past seven days. The most read non-Quiz, non-Tom article last week is by Malcolm Stacey, Artificial Intelligence could Help this Top Educator to Even Bigger Profits, at No 1 or No 2 including Bearcasts.
- By Darren Atwater |
- 10 September 2023, 09:25 |
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Tom Winnifrith Bearcast - should I buy back into Bezant Resources asks a reader?
I start with a few matters on ShareStock given that I am a dripping in sweat wreck having mowed the lawns today. Then it is onto Colin Bird, aged 79 and three quarters, and Bezant Resources (BZT).- By Tom Winnifrith |
- 9 September 2023, 19:03 |
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An email from ‘arry – Kefi is on track in Ethiopia
‘arry Adams has dropped me an email abut the progress made last week. He says:- By Tom Winnifrith |
- 9 September 2023, 09:40 |
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Regtech Open – Good Luck Paul
Regtech Open (RTOP), the latest monstrously over valued standard listed vehicle majority owned by Alessandro Zamboni has appointed a CFO, Paul McFadden. He won’t be starting work at RegTech until a successor is found according to the Chairman’s statement at Shearwater.- By Tom Winnifrith |
- 9 September 2023, 09:32 |
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SkinBioTherapeutics – identifies blends for acne consumer study, an upcoming catalysts STRONG BUY
SkinBioTherapeutics (SBTX) has announced that it has chosen the probiotic blends it will use for a consumer study in acne which is expected to commence in the next quarter and be complete by year-end.- By HotStockRockets |
- 9 September 2023, 09:24 |
Strikes in the Land of Oz and Over-Enthusiastic Dumping by Computers Lends Hope to this Antediluvian Punter.
Hello Share Wallowers. Another development enhances my list of reasons why the Footsie may soar between now and Yuletide. The oil price is rising again. That will, of course, boost shares like BP (BP.) and Shell (SHEL) as well as some of the minor producers. As the former giants are big components of the big share index we can expect an expanding oil price to whack up most share in the big companies, as a healthier Footsie usually puts general sentiment on an optimistic footing.
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Tom Winnifrith Bearcast: I feel like Nigel Farage
I explain what I mean in the opening salvo. Perhaps I am paranoid. That brings me to Chill Brands (CHLL), then AMTE Power (AMTE), Supply@ME Capital (FRAUD), Regtech Open (JOKE), and finally a long segment on Tortilla Mexican (MEX) where the valuation is surely a rum 'n' coke?- By Tom Winnifrith |
- 8 September 2023, 16:49 |
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Hostmore – CFO resigns “to pursue other interests”, how’s the trading performance and net debt then?
Restaurants and bars company Hostmore (MORE) has announced that CFO Alan Clark “has informed the board of his decision to resign” and that it is “pleased to announce that Matthew Bibby, currently Finance Director of the company, has been appointed Interim CFO”. Hmmm – and what of a current share price response down by more than 2p to 13p?- By Steve Moore |
- 8 September 2023, 16:27 |
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AMTE Power – issues a big ‘up your’s’ to investors with a “pleased to announce” placing…at a more than 81% discount! Hopefully our various warnings heeded!
Previously writing on company which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, in July with the shares down to 4.25p I noted it’s good luck with a sustainable financial solution within the next few business days and it remains that hopefully our prior warnings were heeded, bargepole/sell. The shares had since risen to above 9p as financial hopes were raised and now the company “is pleased to announce” that it has conditionally placed new shares to raise approximately £2.1 million and is proposing to raise up to a further £0.25 million in a “retail offer” via the Bookbuild platform. So what of a share price currently down to 2.15p?!
- By Steve Moore |
- 8 September 2023, 15:10 |
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Big Dave Lenigas & Pennpetro: just how do you define “short delay?”
I only ask because the insolvent Standard Listed dog PennPetro (PPP) run by Big Dave Lenigas had its shares suspended on August 1 as it could not get its accounts on time. Back then, Big Dave said this was a “short delay”. It is now September 8.- By Tom Winnifrith |
- 8 September 2023, 13:34 |
Video: Market Pain will Create the Perfect Conditions for Gold
Analyst and economist Julian Brigden of Macro Intelligence 2 Partners has music for the ears of Nigel Somerville but also for equity market bears.- By Tom Winnifrith |
- 8 September 2023, 12:36 |