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Latest News

SPA

Map Firm could be a Treasure for Investors as Share Price Doesn't Yet Reflect a Possible Gold Future

Hello Share Feeders. Rather down the list of companies I’ve enthusiastically invested in and then lost interest in is a mapping firm. 1Spatial (SPA) has cost me a bit of money over a longish period. But now it’s showing, albeit slow, signs of a recovery. And I’m not surprised for these reasons.
SUPR
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Buy Supermarket Income REIT

Wanting some secure income with some future upside potential? How about inflation-linked, long income from grocery property? This and a share price currently down below 90p suggest to us that shares in Supermarket Income REIT (SUPR) are a Buy.
Bearcast
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Tom Winnifrith Bearcast: Victoria Oil & Gas, the Foo-man, and Administration

Young Steve is not well so it really is just me holding the fort on a day when childcare and the Young Mum's Group curtail my own hours. Notwithstanding that I bring you thoughts on the late Victoria Oil & Gas (VOG), Revolution Beauty (REVB) and Boohoo.com (BOO), Genflow Biosciences (GENF), Wood Group (WG.) and Pantheon Resources (PANR)
COPL
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Canadian Overseas Petroleum – more death spiral shares vicar?

The real risks are that Canadian Overseas Petroleum (COPL) either cannot secure additional; finance within the next five weeks and so goes bust or that the owners of $42 million of senior debt get cold feet, call in their loans and the company goes bust. That would shaft 100% anyone daft enough to own the shares but also the providers off all the convertible loan notes, death spiral providers.
BMV
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Bluebird Merchant Ventures – equity raise at 2p, but a clearer path ahead: STRONG BUY

Bluebird Merchant Ventures (BMV) has announced that it has raised £1.215 million at 2p per share “to fully fund proof-of-concept production at its Kochang gold and silver mine in South Korea, expand the in-country team to accelerate developments at both of its mines, and for general working capital”. With the equity raise shares also with 3 year warrants at 3.5p and the shares at 2.15p before this latest, is it good news?
VRS
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BREAKING: Versarien and the 130 claimed patents Part 1

In the abjectly bad results for the 18 months to 30th September one of the proud boasts of loathsome and porcine CEO Neill Ricketts was "We have secured IP with over 130 patents and trademarks." I have now engaged with a specialist IP lawyer to examine that claim. This may be a long series, but here is an appetizer....
ARB
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What’s Argo Blockchain hiding in its latest monthly update?

At the start, the February update from Argo Blockchain (ARB) looks like all the other monthly updates up until December. It gives the number of bitcoin mined, an excuse for why it is a piss poor number and then the number of bitcoin equivalent held at the period end. And then….
CIZ
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Cizzle Biotechnology – what looks like repellent corporate greed is really just bad timing

The share price of Cizzle Biotechnology (CIZ) at the close yesterday was 4.55p. The shares have plunged today to 3.75p after the publication of a share option scheme which, superficially, looks like obscene boardroom greed and a total piss take. Far be it from me to defend small (£13 million) biotech plays but for once I shall.
ITS
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In The Style – agrees to sell operating business for £1.2m, failed to fool us but was it fooling itself or trying to fool everyone else to right near this ending?

Still describing itself as “disruptive and inclusive digital womenswear fashion brand”, In The Style Group (ITS) has followed a January trading update, before which the shares were above 11p meaning a market cap of above £5.8 million and which included from CEO Adam Frisby “I remain absolutely confident in the fundamental strengths of the In The Style brand as well as our differentiated model”, and a December strategic review announcement with the shares above 13p and which included “the current market capitalisation of the company does not properly reflect the underlying growth potential”, with an announcement including an agreement to sell its operating business for £1.2 million! “Disruptive”, hey?!
VRS
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There will be another treat later today for this Versarien shareholder on the ADVFN Asylum: meet impoverished moron squire0076.

Old squire0076 has been long and strong all the way down from almost two quid to today’s 5.15p. The bad news for him and other bulls in the last redoubt at Versarien (VRS) is that I have yet another expose coming later today, the start of a new series. But squire does not care, this is his analysis of the situation yesterday:
GRG
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A few thoughts on Wood Group and then onto Greggs (and its vegan offerings)

What is going to happen next at Wood Group (WG.)? I read this morning that bidder “Apollo submitted a fourth proposal for a cash offer...at 237p per share”. And what has the company’s board concluded?; “this Latest Proposal continues to undervalue the Group and is therefore minded to reject”, but it will “continue to engage...on a limited basis, with Apollo". All heating up there! My thought (hope) has always been for a return to a 250p share price and I keep on holding akin to my comments a couple of weeks ago here. It's all interesting stuff, but let’s also talk about today’s numbers from Greggs (GRG).

CINE
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Cineworld and the last rites, no need to close shorts yet

This column has been calling Cineworld (CINE) as a short for absolute ages. It hardly seems credible but three years ago the shares were 170p. Today they are 2.9p and so anybody who has gone short as we advised all along has done well. You know where to send the “thank you” bottles of ouzo.
Bearcast
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Tom Winnifrith Bearcast: what to think about 3 gold miners? Has the curse of Chris Cleverly struck again?

Today I look at Conroy Gold & Natural Resources (CGNR), Ariana (AAU) and Bluebird Merchant Ventures (BMV). Then at Pantheon Resources (PANR) and at ADVFN (AFN). Finally Evil Banksta has sent me this Bulletin Board post below on Technology Minerals (TMI). I have always been bearish on this stock as any company in any way linked to Chris Cleverly is always a dog with fleas. The post below looks to be kosher, thought it may not be, so, I suspect, does not alter the bear case and my target remains 0p. 
STG
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Strip Tinning – having recently admitted trading “result will not be what the board had originally set out to achieve”… nominal cost options grants (natch!)

Describing itself as “a leading supplier of specialist connection systems to the automotive sector”, Strip Tinning (STG) has announced the granting of options over 960,908 shares to certain directors and employees discharging managerial responsibilities. With the shares most recently closing at 55p, what’s the detail?
Gold

Video: The Everything Bubble Collapse – 25x More Capital Into Gold

Broadcaster Michael Maloney details how modern banks simply imagine money into existence with loans. This is NOT real money.
GENF
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A question for Genflow Biosciences – who owns your shares?

Just over a year ago Genflow Biosciences (GENF) raised a gross £3.7 million at 8p and joined the Standard List. Much of that cash will by now have gone up in smoke but, with the shares now just 1.95p, the big question is “who exactly owns the stock?”
FAB
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Fusion Antibodies – ‘significantly behind expectations’… countdown to insolvency accelerates

Previously writing on antibody contract research organisation Fusion Antibodies (FAB), last month I noted the shares rising from 45p on an “R&D update”, but wrote attempted ramptastic?, how “sufficient” is the cash now?. Today a “trading statement” and the shares currently more than 30% lower towards 30p.

VRS
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UPDATED: Versarien: another spoof RNS Reach, can you smell the desperation yet?

The funder of the lifestyle of disgraced, porcine CEO, Neill Ricketts, that is to say Versarien (VRS), will run out of cash and still have debts of almost £8 million by April or May. It has been knocked back on its big grant application to Innovate UK – as revealed here – and so must get a placing away PDQ otherwise the Fat Lady and the Fat Man will be singing a late Spring duet. Can you smell the desperation? For the second time in five days, we have an RNS Reach.
PANR
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Ouzo for Pete Brailey and the bears, another Pantheon disaster as its cash rapidly runs out!

The big bear call from Pete Brailey at ShareStock 2022 last September was Pantheon Resources (PANR) at 122p and its shares are now 31p after another disastrous operational update. To have presented such data if you were drowning in cash would be alright, but Pantheon is not, it is rapidly running out of other folks moolah.
Gold
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The View From The Montana Log-Cabin As Gold Bounces

Gold closed the week at $1857 – a good bounce from last week’s low point of $1811 and back through the old minor support at around $1835. Good news – but will it last?
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AAU

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ANP

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Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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