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Latest News

URU
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URU Metals – red flags abound as shares up, trading minimal…..when’s the placing for this technically insolvent POS?

Tom Winnifrith hinted at a perceived problem in the last placing by technically insolvent POS AIM-listed URU Metals (URU) and I fear history is about to repeat. Back at the beginning of May the shares raced ahead to 200p and then a placing at 85p was announced. Now the shares have raced ahead again to 285p on minimal volume…..are shareholders about to be plundered again?…

Quiz

The Sunday ShareProphets Pub Quiz #58

Welcome to the Sunday ShareProphets Pub Quiz. Find your own beer, sit in the most comfortable seat, and, under no circumstances, can you Google the answer. Only I can do that. There are no prizes but post your scores in the comments for bouquets and brickbats.

Top-10

Notes from Underground - Most read articles for the week ending 10 October 2020

Before we get to the most-read articles of the week, I want to plug the Netflix documentary The China Hustlewhich I watched yesterday. Essentially, they have made a documentary about Nigel Somerville and the Filthy Forty

CGH
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Chaarat Gold – Kyrgyz Republic update follows updates on Armenia and debt refinancing...

Chaarat Gold (CGH) has updated investors with news including “following the recent political disruptions in the Kyrgyz Republic, Chaarat confirms that its projects in the country have not been materially impacted”

Bear

Anyone panicking about the Eurozone yet? If not you should be, it’s imploding

ECB secretly trade marks the name “Digital Euro”. DE for short…

Bearcast
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Tom Winnifrith Bearcast - calling in from shorting gang HQ in Shipston. Not!

I start with a few personal thoughts as I sit here with my father. Thank you for your kind words and prayers. Then I deal with the idea that ShareProphets and I run a shorting gang. It is libellous tosh.  Then to the US election. I am almost ready to call both the Senate and the Presidency for the Dems. I called the House that way eons ago. I say almost and then discuss what that means for you and me.

Gold
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Gold – should I be fretting about the short term or just “ignoring the noise”?

My pieces on Centamin (CEY) and gold over the past few days have picked up some interesting comment. Jimbo55 is worried and has been cleverly risk-managing his gold exposure. On the other hand, Putneywill seems to agree that the long term move for gold is up and TheBadger reckons that the increasing supply of US dollars in circulation suggests that gold is only heading in one direction. Meanwhile, Jordan Roy-Byrne of TheDailyGold.com  simply says “ignore the noise”

BIFF
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Waste not, want not at Biffa

Corporate deals always provide insight. If you have been around for a while, then you will know that a bunch of deals struck in 1997, 1999 and 2007 typically did not age well. The jury remains out for the last couple of years but, suffice to say, the old mantra of ‘price is what you pay and value is what you get’ is still hugely relevant. That ramble brings us to my old mucker Biffa (BIFF), which is active in the waste and recycling business…

Malcolm

How Thoughtful Daily Shares Timing May Save You Lots of Dosh

Hello Share Watchers. As most following this legendary website are already well versed in the way to play our golden game, I always hesitate before returning to basics. But another part of me says that it does no harm to revisit lessons we probably learned yonks ago, but which we may have become blasé about. So let’s look at the rudiments of daily timing…

DDDD

Table of shorted AIM shares - week to 09/10/2020

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

ARS
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Asiamet shares jump on deal news. What next?...

We tipped Asiamet (ARS) on January 24 at a 2.4p offer price. The shares are now significantly ahead after recent news. What next?…

GMS

Gulf Marine Services – Seafox International responds, bank crunch still looms?

Yesterday I wrote on Gulf Marine Services (GMShits back at Seafox International, but bank crunch looms. Seafox has since responded…

MMX
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Minds + Machines Group – “Statement re: Contract”... & share price fall...

“Statement re: Contract” from internet top-level domains owner and operator Minds + Machines Group (MMX) – and the shares currently at 5.25p, 11% lower…

VRS
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Versarien's ex US boss Patrick Abbott arrested on fraud charges again - yes it's an alleged covid scam

Oh dear. The following article from the Houston Chronicle is self explanatory. Say what you like about Patrick Abbott but at least he works to generate real sales, unlike anyone still employed at Versarien’s (VRS) graphene arm. I have swapped emails with Patrick who denies all charges vehemently.

Gold
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View from the Montana Log-Cabin as Gold continues to correct...

One day gold is up, the next it is down – but the overall picture is one of not going anywhere. Gold was threatening to start to rebuild a head of steam and then Donald Trump announced that fiscal stimulus talks were to be suspended until after the US elections….and gold retreated again. I’m not sure why – both sides are promising to load the country up with more debt and a new package is a certainty once the election is over…

Gold
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Should you buy LSE newbie Yamana Gold?

You know I like gold. Regular readers will know that the company with the ticker GOLD on the New York Stock Exchange (Barrick Gold) is currently my largest position. However, I have been more choosy in my other selections in the space. Back in July I arched an eyebrow at the plans of Canadian larger cap gold play Yamana Gold (NYSEAUY), to list in London from a rationale that ‘there is a void in London for a pure-play gold company producing 1m ounces a year in friendly mining jurisdictions’. Time to tap a different set of institutional shareholder punters?

ITV

Britbox Success Makes ITV Shares Worth Watching

Hello, Share Tasters. A company I’ve not covered lately because it fell on covid and has, so far, been slow to recover is ITV (ITV). I can see no obvious reason why this share has not rallied back to more normal levels. And I expect it to do so. Here are my reasons…

China Flag
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ShareProphets China AIM 'Filthy Forty' performance update – All Active Asset Capital in nest of vipers edition

Previously updating, we noted even with the gutter standards of some AIM Nomads, there was no one who wanted to take Walcom on and thus the ShareProphets China AIM ‘Filthy Forty’ was down to just 4! How’s the latest performance?…

Beggar
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Will Brokerman Dan bankrupt his erstwhile mate, the market abuser, Chris Oil?

 It appears that rumours of the financial distress of Christoper Williams, aka the market abuser Chris Oil are not exaggerated. The tweet below is self-explanatory.

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That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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