Today's Mail on Sunday carries a nasty hit job on Richard Jennings of Align accusing him of racism. You can read it HERE. The story is clearly manufactured by Ironveld Resources (IRON). I do not know enough SA slang to comment on Jennings' words. However, amazingly the dickhead journalist not only failed to report matters showing Jennings as a supporter of poor blacks in Zim South despite having the evidence, but the whatsapp messages referred to show Ironveld driving a coach and horses through AIM Rule 11 and AIM Rule 10 so misleading its investors. I explain why that may have enabled some smart money to get out at the wrong prioe and why this should be enough to see Martin Eales and Giles Clarke fired at once. Unlike the wretched Mail I bring you the full whatsapp thread.

On Friday we served up three share tips with this prediction. Here is one of them.

Gold finished the week at $1804 per oz – a useful gain from last week’s $1777 and back through the $1800 barrier. As the economic storm clouds continue to gather, things are looking up for the yellow metal, even if the Fed continues to play hard-ball with now declining inflation as it talks up its capacity to continue raising interest rates into a recession.

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 
 

Grab a cup of tea, sit back, and test your knowledge against the other ShareProphets members. Write your score in the comments, there are no prizes, and most important of all – no Googling!

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is If you got lucky with Capita shares four of five months ago, you should exit stage left now by Chris Bailey at number 13 or number 19 if you include Bearcasts.

I start with gardening news and a bit sbout ShareStock 2022 and 2023 and urge prompt ticket booking for the former HERE. Why Victoria (VCP) is a zero in waiting is a matter for Sharestock but today I look at why Cineworld (CINE) has not collapsed yet but why it will. Then there is Advanced Oncotherapy (AVO) and why it MUST end in tears whatever PL says.  Finally I comment on the lunacy of Malcolm Stacey. I think he meant to send today's column to the Guardian letters page, it is insanity writ large.

There is no "house view" on this website. Our authors can and do disagree. For instance, I think Malcolm's piece today is complete and utter bollocks and will explain why later on bearcast. Last week Gary Newman was bullish on Afentra (AET), HERE. But there is another view.

The IPO of Procook (PROC) last November was one that I explicitly warned you about. That offer was at 145p. The shares are now 40p but CEO Daniel O Neill really is the most almighty spoofer, his share buying of late is a red flag in itself, an invitation to go short.

Analyst and writer Kevin Muir  says that investors seem to be having problems understanding the current economy and inflation: those in charge are arguing that this past month had no inflation. The reality is that month over month figures may be indicating that inflation has peaked.  Kevin says that this may cause the Fed may to be less hawkish than most investors are expecting.

Jubilee Metals (JLP) stated this week that it is pleased to announce the performance of its operations and progress on growth projects for the six month period to 30^th June 2022 and “tremendous potential growth” for the periods ahead.

I was puzzled by the re-announcement of the valuation by AIM-listed Tern (TERN) with regard to its holding in FundamentalVR (FVRVS). After all, this was due to a second issue of B-series shares on the same terms as the first. Surely, then, we knew all that already, and it would not have changed. Silly me - this is Tern, after all!

Hello Share Loaders. Are you worried about electricity and gas bills this winter? No, I thought not. You’re a private trader. So you have enough dosh to find an extra £2,000 without noticing it. But as folks with the surplus cash needed to buy and sell stock, we have a moral responsibility to help those who struggle against Mr Rising Price.

I start  with dire numbers from the theme park operator and what they mean for companies such as MADE.com (MADE), Fevertree (FEVR) and ProCook (PROC). Then I look at the former WPCT (SUPP), Revolution Beauty (REVB) and Canadian Overseas Petroleum (COPL), now a great low risk short, as the price is capped by the death spiral in place. That cap can only move lower.

Afentra (AET) has finally relisted after being suspended for nearly a year whilst it completed the acquisition of producing oil assets in Angola.

Ed Croft’s Stockopedia is the stock picking system that ranged the Quindell (QPP) fraud as one of the cheapest companies on AIM and said that Globo (GBO) scored 92/100 as a buy. It was a fraud too and went bust. Then there was Wirecard which Stocko pushed aggressively just 3 days before the balloon went up! Two years after the Woodford blow up, Ed is now and expert saying his system could have predicted it.  Whatever. So how would Ed’s system assess company X which has just filed 2021 accounts

As I noted yesterday, the fraud Supply@ME Capital (SYME) is spoofing like there is no tomorrow to get its open offer away and to allow death spiral provider Venus to forward sell another tranche of shares. Supply is tunning on vapours. But there is a big question, the woke twits at the FCA seem unwilling to push on: how many millions of pounds has CEO Alessandro Zamboni made from covert and undisclosed share dumps? I have written to the FCA.

I called Flutter Entertainment (FLTR) an avoid just before Christmas last year and I guess, as year-to-date it is down over 12%, it has been better not to own shares in the company you and I used to know as “Paddy Power”. But as I write today the stock is up over 8% after announcing its first half numbers. Time to bet on a betting company?

Greg Madison was appointed as CEO of Shield Therapeutics (STX) on June 1 2021. The shares were then 60p. Today they are 8p. In just over a year Greg has presided over a catastrophic 87% destruction of shareholder value. Luckily Greg had no shares himself just a stack of options granted to him two weeks after he joined, to incentivise him.

AIM-listed jam-tomorrow IoT investment company Tern (TERN) announced yesterday afternoon that investee Fundamental VR (FVRVS limited) had raised a further £5 million in a second tranche of the Series B fundraise first announced back in May. That seems positive, so why the immediate share price drop in the market?