Hot share tips and all the big AIM exposes from the City's most-connected reporters
As foreshadowed here in March, Paragon Diamonds (PRG) has clinched a takeover agreement that should virtually double the AIM-quoted company’s anticipated gem output and boost its retail clout on the eve of what entrepreneurial chairman Philip Manduca, perhaps understandably, declares could be a ‘seismic’ long-term upsurge in the rough diamond market. Paragon is buying control of the Mothae kimberlite resource in the southern African kingdom of Lesotho, five km. from its own Lemphane diamond deposit, from Swedish tycoon Lukas Lundin’s Vancouver-based Lucara Diamond Corporation.
In the days before he was organising marches for torchbearing and pitchfork clasping lunatics from the LSE Asylum, Ben "pitchfork" Turney attended the UK Investor Show where he popped into the bloggers cafe to record a few thoughts on video.
We are just such nice guys here at ShareProphets – we want to help out those least able to help themselves. And so we come to the case of Chris Oil (AKA Mrs Williams) and that holding of 48% of New World Oil and Gas (NEW) – as opposed to the 10% figure that Nomad and Broker Beaumont Cornish was happy to sign off just last week. Mrs Oil/Chris Williams (mix and match as appropriate) has a potential £7m problem – but YOU can help save him/her.
One of the features of UK Investor Show is the Bloggers cafe where anyone can chat to writers both from this website and from other websites. Among the bloggers who popped in and was interviewed was David Thomas ( crazy new beard BTW Dave). You can follow him on twitter @djthomas
Hello Share Spikers. There are a lot of us still awash in oil shares. Remember that Royal Dutch Shell (RDSA)is one of the biggest, if not the biggest, companies on the biggest of all British share clubs, the Footsie.
This might surprise you but, as of a few weeks ago, Free Speech & Liberty Pizza took ownership of a gold mine. You think I am kidding? I am not. Okay it is a virtual gold mine but anyone who wants to take a turn mining it can actually extract real gold as of this summer. To find out how this works watch this video I recorded at the UK Investor Show 2015 with Project Miner
In my youth I used to come back from overseas investment research trips brimming with new ideas and insights. Having spent much of the period since the superlative UK Investor Show in the US of A I would hope to be able to say that opportunities are a-plenty. But they are not. Here’s a few of my notes from speaking with global investors far cleverer / richer than me at a conference in California a few days ago:
This morning’s RNS from New World Oil & Gas makes it abundantly clear that the takeover Panel is at least considering forcing the eccentric blogger and hit and (largely) miss share tipster known as Chris Oil to make a mandatory offer for the company and this could well set the poor fellow back a net £5.5 million or more.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
New World Oil & Gas (NEW) issued this RNS announcement this morning, in response to the omnishambles it now finds itself in. Crucially, New World did not deny the “Internet Commentary” it referred to, all but confirming that its unconfirmed placement has been legitimately and excessively forward sold. As of writing 460million shares have traded hands in New World stock (nearly half the issued share capital) and the price is off slightly at 0.08p. My personal view is that there are some incredibly lucky forward sellers out there who are covering their positions, but the epic mess is still a long way from resolution. As for the message circulating, that the Rights Issue is going to solve the problem, it seems that people just have not thought this through properly. Here’s why.
In today's podcast I reflect on events at New World Oil & Gas (NEW) as well as having a butchers at Taihua, Tethys Petroleum, Eleco and of course the UK Oil & Gas comedy show
The second video interview by mining guru Amanda Van Dyke from UK Investor Show is now live. In the hot seat this time is Vasilios Carellas - a good chap - and the CEO of AIM listed Ortac Resources (OTC).
Kazakhstan-focused Goldbridges Global Resources (GBGR) plans to treble annual gold production to 100,000 oz. in three years from its presently-producing Sekisovskoye mine in the east of the central Asian republic while it works to develop significant deposits in the neighbouring Karuskoye Ore Fields. The fully-listed company, which was first floated on AIM as Hambledon Mining in 2004 at 5p, raised £3.4 million the other day at only 2.8p, but hopes to impress the stockmarket -- and clinch the $132 million (£88 million) financing needed to pursue its strategy -- by demonstrating how a move to underground mining can lift grades and slash costs.
And now for something a little different from UK Investor Show, a video of a face to face interview by mining guru Amanda Van Dyke with Peter Hambro of Petropavlovsk (POG)
It is hard to imagine a messier situation than the current predicament of New World Oil and Gas (NEW). Having had the opportunity to force a temporary suspension while the mess over the proposed Placing and all that it entails, New World seems to have decided not to go down that path. Instead, we have had an RNS this morning. It was a little confusing, so the ShareProphets RNS translation service is pleased to offer its interpretation.
Like so many mining companies on AIM, Charaat Gold (CGH) has failed to live up to expectations so far, but that could soon change. The company owns the Tulkabash mine, in the Kyrgyz Republic, and is currently awaiting news on the full Definitive Feasibility Study, due any time now, and from what it has so far released, it looks very interesting.
Hello Share Trimmers. Investors in Advanced Oncotherapy (AVO) are in a peculiar situation. For though our shares are now trading at just a touch over 8p, they could be worth a lot more.
The market is closed and in today's bearcast I look at Greece and what will happen and happen soon and the message for other European countries including the UK. Then I cover free speech for twits like Ben Turney and how the writers here are united but can disagree and then move onto Bank Holidays - we need less not more to get the UK economy growing again. In fact, scrap the lot.
Quite simply, the firm of Beaumont Cornish is not fit for purpose as a Nomad. It epitomises all that is wrong with the AIM market. The epic fiasco surrounding the New World Oil and Gas Placing may be the last straw but Beaumont Cornish has form going back years. Even with regard to just this one company there have been serial disasters, but there are more cases where Beaumont Cornish has failed in its duties as Nomad.
That New World Oil & Gas (NEW) is an omnishambles is clear. Ben Turney has one route for going forward (see HERE) which has made him the hero of the LSE Asylum and the twitter lynch mob. I regard his actions as morally reprehensible but publish his articles anyway as I support free speech. But his case is both misleading and shocking in that it targets the very folk that I thought he, Brokerman Dan, Nigel Somerville, Malcolm Stacey and others who have written on this website wanted to protect – ordinary punters.
Nine share tips tips, defending Churchill, and not missing Nigel Wray. And much more...
Oddly enough Britain's most conceited fund manager Neil Woodford has yet to agree to appear at UK Investor Show to answer some simple questions from me. What is he frightened of? I will have to go ahead with the session without him but I hope that he does not bleat on about how he had no right of reply! Anyhow, I discuss my futurology piece of yesterday and how it should be viewed if you are, like Nomates Neil, a big holder of auto related stocks. I cover BCA Marketplace (BCA), The AA (AA.) and Northgate (NTG) in this section. I also look, en passant, at another Woodford dog RM2 (RM2). Then I cover Milestone (TOAST) and finally pick up on the most excellent post on the comments section of this site by Drunken Sailor on POS Andalas (ADL)
Picking shares should be easy, right? Find a company where both profits and cash flow generation are improving plus where investor sentiment is shot to bits and the Gods of both fundamental analysis and investor psychology should be on your side.
Gold has rallied back close to trendline resistance. Will it push through this time? That will depend on if Gold can breakout in real terms (against stocks, currencies) as its strength over the past year has been driven by only US$ weakness. This is the question answered by the only half decent technical analyst on this planet, Jordan Roy Byrne in his latest Palisade Capital podcast.
Stanley Gibbons (SGI) has announced a Proposed Refinancing, including raising £6.2 million at 2.5p per share… and the shares have currently responded more than 15% higher on yesterday, above 5.5p…
As Neil Woodford is such a believer in transparency, he has pulled his monthly updates altogether so these monthly updates now take on a greater importance to provide much needed information to the long-suffering investors in the three funds. Can’t imagine why Woodford stopped them?
Union Jack Oil (UJO) has updated including noting a draft decision advertisement issued by the Environment Agency that it is inclined to award a bespoke environmental permit for drilling and testing the Holmwood exploration well in PEDL 143 and how the company “is positioned to deliver ongoing news flow throughout 2018 from our onshore portfolio of producing assets, drill-ready appraisal and exploration targets”…
Hello, Share Pickers. Previously, I’ve recommended the old Royal Insurance Company which is now RSA (RSA) to your further probing. And having now reviewed last year’s results, I’m rather glad I did.
Shares in tech wafer supplier IQE (IQE) have been on a tear recently - after the company has been the subject of not one but two short reports which questioned the accounting treatment of two joint ventures it set up in 2014.
My friend and former colleague the aristocrat Dru Edmonstone was - as widely reported - sentenced to 21 months last week for a £60,000 benefits fraud, something the pathetic wretch did to fund his spread betting addiction. I discuss this and ask does a case like that of Dru justify the current clampdown on spreadbetters. I think such a clampdown would not have stopped Dru for addicts will always find a way. I discuss the odd goings on at Saffron Energy (SRON) which hardly inspire confideence. But my main focus is on the revelation HERE by Cynical Bear that Neil Woodford's flagship £7.1 billlion fund has taken on an overdraft, as an emergency measure to fund either redemptions or a growing collection of falling knives or both. If Woodford believes what he says about markets being overvalued - and I do - this is a sign that Britain's most conceited fund manager has completely lost the plot and may be not that far from the final collapse.
I last wrote about PCG Entertainment (PCGE) about six months ago (HERE) after it announced its Riverfort funding deal which I thought was potentially ok provided PCGE kept up its newsflow to provide the necessary liquidity to soak up the Riverfort sales; however, unfortunately, nothing of any import has been announced and in fact, nothing has happened at PCGE since the dark ages it seems – isn’t it just a cash shell?
England’s newest Alternative Merchant Banking company First Sentinel PLC has one mission for its shareholders: value creation and growth. Sometimes it can be hard for investors to find the right opportunities offering good returns with an acceptable level of risk. Often investment opportunities are made available to institutional investors with retail or high net worth investors coming second. First Sentinel works diligently to gain access to such investment opportunities to the benefit of shareholders.
Hello, Share Carriers. Even a raging bull like myself has to accept that sooner or later shares will crash to more realistic levels. There was a scare in that unhappy direction a couple of weeks back, but it seems to have been a false alarm. That doesn’t mean that the real thing - a proper crash - doesn’t continue to threaten us. So what should we do to preserve our assets now?
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Ignore what Ed Karr says about ramping his own stocks. What he says about inflation, a word unfamiliar to younger readers, is of real note. In this podcast from Palisade Capital, Karr discusses how you need to time the market cycles correctly. Gold is currently catching a pretty good bid, particularly with the recent dollar decline. We have seen an increase in volatility recently, and things are looking pretty good for precious metals. We could break through the 1350 level this year, and 2018 is shaping up to be an excellent year for gold.
I haven’t commented on fully listed Interserve (IRV) for a while. This, of course, is another outsourcing company doing our blessed government’s good works for it – and, like Carillion (RIP) is struggling with its debt (albeit we are to believe to a lesser extent). It is also a company which has delivered less than complete clarity. But it is under new management. So I wonder why the shares (now down to just 64.9p to sell as at Friday’s close) have again been slipping.
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