The political clouds are lifting over Philippines gold miner Metals Exploration (MTL). The Manila Times reported last week that the Runruno mine has been granted permission “to start full commercial operation before the end of this year after it has complied with the necessary corrective measures”. And the tough new Department of Environment Secretary, Regina Paz Lopez, is quoted as saying that the Bureau of Mines, when granting the company its certificate had proved “a way to identify responsible miners.” With her imprimatur investors can afford to smile.
Comrade Brokerman Dan has today revealed quite appalling lies told by promoters of the worthless AIM rare Earths disaster in waiting Mkango Resources (MKA). This shows both what amateurs they are and also the dishonesty surrounding the company. Dan and I will be putting Mkango to the sword as it presents in London on 17 November. Register today to join us. Now read on and see why these shysters must be exposed.
Slung off AIM yesterday, Gable's (GAH) main subsidiary is now in administration and the PLC will surely follow, as I explained HERE. No doubt Marcus Stuttard and the oxymoronic clowns round at AIM Regulation will no doubt just dismiss this as "one of those things" that happen now and again on "the world's most successful growth market". The CEO has made £15 million in the AIM years but investors have lost everything. There must be an major and formal enquiry and here is why.
An announcement a day does not necessarily keep the company doctor at bay. Let alone the corporate undertaker. I am afraid, as I really do actually like the management here but the third announcement in three days from Diamondcorp (DCP) really looks grim indeed.
The value in Kefi (KEFI) lies largely in its Tulu Kapi gold prospect in Ethiopia. Sadly there seems to be a spot of bother on the ground with the President of that Country declaring a six month state of emergency as it appears that some of the natives are revolting.
I think gold is going up whoever wins on November 8. The US is now $19.7 trillion in debt having been $10 trillion in debt when President hopey change took power in 2008. The debt rose by $170 billion in the past eight days! Whoever wins it will kee on spiralling and so I am happy to remain a gold bull. But who would be better for gold: Donald Trump or Crooked Hillary Clinton. Over to Palisade Capital with the chart that tells you:
Following a February profit warning, supplier of industrial chains and related power transmission products, Renold (RNO) has updated on its six months ended 30th September and its ‘STEP 2020’ strategic plan…
Hello Share Munchers. I’m quite a fan of investment in emerging markets. My main reason is that they have room to grow as poverty-prone populations become, well, a bit less poverty-prone. I suppose I’m mainly thinking about India and China. Together with many African countries which are not doing at all badly, despite common perceptions to the contrary.
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 seventeen....
Following an August pre-close trading update which saw its shares lower to sub 70p, I now update on GAME Digital (GMD) with the shares falling to 67p on the back of its full-year results announcement…
I start with the bust up over marmite and other matters between Tesco (TSCO) and Unilever (ULVR). Naturally the democracy denying liberal establishment bastards at the BBC blame Brexit for sterling's slide and this - I explained here why this was wrong. I explain what this battle is really about. I then look at DiamondCorp (DCP), Iofina (IOF), Goldstone Resources (GRL) and Magnolia Petroleum (MAGP). I end with a look at the AIM awards. I get really angry at this point and when the anarcho capitalist revolution arrives the 2,500 crony capitalists spending £750,000 of YOUR cash tonight merit a meeting with piano wire.
I wrote in July on rare books, arts and collectibles group Scholium (SCHO) as the shares declined to 32.5p on a full-year results announcement. They had recovered to 38p, but are currently more than 9% lower, at 34.5p, on a half-year (to 30th September) trading statement…
Iofina (IOF) has today served up a Q3 trading statement. What it says is fine enough. But what matters is what it does not say. Since there is no point in hiding good news one can only assume the worst. The ,market certainly does and it is right to do so. The shares are off by 15% at 10.75p-11p. Fair value is closer to zero.
Many people wonder how it’s possible that so much money is being created without runaway inflation. Mining entrepreneur Lior Gantz believes it’s because the other side of the equation is deflation. The system is causing deflation in the private sector and inflation in the government sector. This creates a huge battle between inflation and deflation.
Back in May, we tipped Falanx (FLX) at a 4.25p offer and a 6.625p limit buying price with a target to sell at 6.5p by August. There have been a few delays caused by a stock overhang and the placing needed to clear a death spiral. But the shares are now starting to motor ahead. They now stand at 6p-6.25p. Do not sell. In fact...
It was almost four years ago to the day that Jimmyliar Ellerton of the fraud Sefton (SER) arranged to do a ramptastic presentation in London to try to lie to enough people to get another bailout placing away. Sadly for him both Brokerman Dan and I attended and we absolutely wiped the floor with the old rogue. It was the start of his downfall. To celebrate that Dan Levi and I have both booked in to a Mkanago Resources (MKA) presentation ...let battle commence. Fancy coming along? We gather beer and popcorn will be provided by the venue.
It is now one month and eleven days since FRAUD African Potash (AFPO) promised it would sue me for libel if I did not pay its fascist lawyers Memery Crystal two grand, write it a blank cheque and withdraw all my articles which clearly exposed it as a FRAUD. I am 2 nil up with Memery Crystal when it comes to it trying to bully me on behalf of fraudsters (Globo & Pirate Pete Landau)so I am gutted that Potash has not yet served me. What could the FRAUDSTERS have to hide from a disclosure process? Meanwhile the PR firm has, very honourably, quit, the Nomad Stewart Dickson has been fired but still senior NED Lord Peter Hain hangs on (for the cash). So by midnight Friday can you suggest a suitable caption for this picture below of the sleazy peer?
Gable and its loathsome scumbag gives capitalism a bad name CEO WIlliam Dewsall have yet to inform shareholders of the latest bad news but bad news there is aplenty. According to the publication Insurance Age, Gable Insurance AG was placed into administration by the Lichtenstein Regulator
Having recently been declining, shares in digital technology company Mirada (MIRA) were the top gainer yesterday – up 26% to 4.25p – on the back of a “Trading Statement” announcement. Let’s take a look…
It never ceases to amaze me how small AIM companies can sometimes continue to see large share price rises, even once the company has put out a statement saying that it knows of no reason for the recent rise!
This is not the news we Premaitha (NIPT) shareholders wanted and it is clearly bad news. The question is how bad? The UK High Court has upheld three patent claims made by Illumina against Premaitha.
Yesterday I exposed how fantastist Chris Oil was buying bogus bot twitter followers on an industrial scale to make it look as if folks really cared about what he tweeted. He or someone close to him has responded in predictable fashion.
There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.
I am rather disappointed in the management of the UK's leading independent review site AllAgents.co.uk - they have let us all down. They sought to raise £50,000 to allow them legal support against fascist lawyers letters from Purplebricks (PURP) which demanded bad reviews be taken down.
I note that yesterday AIM-listed Bowleven (BLVN) released a TR-1 RNS from Crown Ocean – the rebel shareholder which threw out the old board earlier this year. It has increased its holding (again).
The Taxpayers Alliance has produced a fascinating 51 page report explaining why so many of us are "just about managing" to quote our useless Prime Minister. In short it's hard evidence that Ronald Reagan was right when he said that the scariest words in the English language are "I'm from the Government and I'm here to help." We feel poor not because of wicked Tory austerity (fauxsterity), but because of how a bloated state has distorted the economy.
Given that I have closely followed the Serica Energy (SQZ) story here closely over the last few years, and in light of the news this week, I felt that I should give my current thoughts on it.
Apologies for the lack of a bearcast yesterday, I was just feeling tired and hacked off with the world of work. So you can have two today. I start with a look at the markets covering Greka Drilling (GDL) and related party dog Green Dragon (GDG). Then it is onto Mothercare (MTC), BCA Marketplace (BCA), On Line (ONL) and finally in some detail Westminster Group (WSG) where I wonder if the curse of Tony Baldry is about to strike.
Shares in main market-listed Interserve (IRV) have been falling today, last seen down a thumping 8.2% - quite a drop for a £106 million company when there has been no news. One wonders why.
Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?
Each time you have a new chancellor you soon find yourself thinking that the one before who, hitherto you had viewed as the biggest poltroon ever to hold up a red box, was in fact a towering genius. Thus I am beginning to think that Osborne - who was utterly hopeless was a giant compared to Hammond. On how to try to buy the votes of young people with taxpayers cash yesterday he was awful. His thinking about the housing market is wrong from start to finish.
Hello Share Trundlers. Today’s commendation is one of those companies that you can take pride in supporting because it’s such a jolly humanity-serving idea. And in this case, the prognosis, in my humble opinion, looks rather good.
In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.
Writing last week on Van Elle Holdings (VANL), I noted a boardroom shake-up General Meeting requisition from its founder seeking to return. Today brings a response from the company…
And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.
Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis. In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.
Hello, Share Chasers. It seems a while since I’ve looked at Johnson Matthey (JMAT), but considering the latest numbers - and more importantly its future prospects - I believe that the stock is worth buying.
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