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AAU
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Ariana Resources – ouzo at the ready: $35.75m incoming, half to be distributed (after tax and costs)

That bottle of Ouzo was already on ice, but this morning we learned that partner of AIM-listed Ariana Resources (AAU), Proccea, is to pony up $5.75 million to Ariana for its proposed share in Salinbas to add to the $30 million we already knew about from proposed new partner Ozaltin under the new joint venture scheme currently on the table. Of course, anyone who listened to Tom Winnifrith’s interview with Ariana CEO Kerim Sener at our MineProphets online conference would have known there was more to come, but this morning’s news was a welcome surprise as to its magnitude…

FLX
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Falanx – “successful fundraising” ‘thanks and now big screw you’ to the smaller investor...

“Confirmation of successful fundraising” announcement from Falanx Group (FLX). With the shares having reached 1.9p last month and last closed at 1.175p, what are the details of this “successful fundraising”?…

Newsboy
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RNS potpourri: AA, Hotel Chocolat and Greggs

Loads and loads of regulatory news updates this morning but I must admit nothing that really strikes me as worthy of a standalone article. For example, AA plc (AA.)…

BMV
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Bluebird Merchant Ventures – a giant leap forward, 114% ahead but much more to come...

Shares in Bluebird Merchant Ventures (BMV) have raced ahead to 5.35p (well up on our 2.5p offer share tip) but there is every reason to hang on for even bigger gains. The latest news is very exciting indeed for we loyal shareholders…

BAG

Why this Soft Drinks Company Could Put Some Fizz into its Battered Share Price

Irn Bru isn’t a Star Wars character but a soft drink a bit similar to Tizer, so how has its owner A G Barr (BAG) done in the virus crisis? Not too badly, it seems, though the share price has been hit for six. Maybe a recovery is on the cards…

FUL

Fulham Shore – further updates, how’s the net debt and outlook uncertainty now?...

Franco Manca and The Real Greek restaurants company Fulham Shore (FUL“announces an update on trading ahead of the publication of its audited results for the year ended 29 March 2020 (‘FY20 Results’) and an update on the timing of publication of the FY20 Results”…

Bearcast
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Tom Winnifrith Bearcast: Today's defamatory hate mail comes from Ian_Roy_UK@yahoo.com

Does anyone know this Ian Roy Duncan? He seems unhinged but I receive emails, like the one I read out in this podcast, more or less every day.  Ian owns shares in Supply@ME Capital (SYME) and I discuss that particular Norfolk and why you have to be truly thick as two short planks, as Ian is, to own after today’s news.  I also look at Verditek (VDTK), UK Oil & Gas (UKOG), Red Rock Resources (RRR), Zenith Energy (ZEN) – for whom I have a question – Avacta (AVCT) and ValiRX (VAL) where the valuation, even after today’s fall, looks bonkers after trial data which I discuss and analyse. 

SCE

Surface Transforms – argues “pleased to announce” results… but what about the underlying cash burn?

Writing earlier this month with the shares then having soared to 47p, I reviewed Surface Transforms (SCE“truly game changing” contract award. Is it?, & how’s the current financial position?. Now “pleased to announce” results for the first half of 2020…

SYME
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Supply@ME Capital: Insider dealing, aggressive accounting and a joke trading statement, what’s not to like?

On Friday, we were told that Supply@ME Capital (SYME) chairman Dominic White had dumped £1.5 million of shares with a spurious and plainly fictitious excuse. Today, a risible trading statement and the shares are off again. Now are we really saying that the information announced today came as a shock to White? If this is not insider dealing then I am a banana!

DGE
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Is Diageo telling us something about November's US election?

Back in April, I mused about how the spirits behemoth Diageo (DGE) was a great insight into the broader markets. Interestingly, the share price today is within one percent of where it was when I wrote about the company more than five months ago – which tells you just how much we have been treading water at multiple levels over that period. Anyhow, the above observation includes factoring in a 5% odd share price bump today. So what did the owner of the Johnnie WalkerBell’sSmirnoffBailey’s and Gordon’s brands among many others say today in a pre-AGM trading commentary to induce such a reaction? And what can be discerned about the wider view of the world?…

ESL
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Eddie Stobart Limited Interims: another bath for shareholders in view?

This morning AIM-listed Eddie Stobart Limited (ESL) released its interims – the first reporting period following the accounting shambles which threatened to destroy the Eddie Stobart business and left the company with a (just under) half share of the business it used to own (less a load of 18% debt). So how are things?

RR
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Can Rolls Royce strengthen its balance sheet and recover longer term?

Rolls Royce (RR.) is one of the most famous British companies, and even though it no longer associated with the car brand, it is still renowned around the world for its engineering prowess. But despite its reputation, it has struggled in recent years and the arrival of Covid-19 in combination with a poor set of results for 2019, not to mention impending debt repayments, caused the share price to plummet back in late February and throughout March. Since then, apart from a brief recovery in early June when the markets bounced back, it has seen a further decline and is now trading at close to an 85% discount compared to where it was a couple of years back…

BLOE
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Block Energy – rebel alliance appeased….for now

AIM-listed Block Energy (BLOE) seems to have made a pretty decent effort at addressing the problems I raised HERE. On Thursday, an RNS appeared which seems a pretty good overview of where things are and announced the departure from the board of NED and former technical director, Mr Roger McMechan…

ABF

Food and Clothing is All You Really Want as Associated British Foods Shares Prepare to Recover

Hello, Share Minders. There are some companies that you feel are more likely to withstand any disasters thrown at them, including the virus. One such firm is Associated British Foods (ABF), which has the cost-cutting clothing high street stores Primark and a food supply bit…

Gold

Video: Central Banks Hoarding Gold

Analyst Jan Nieuwenhuijs has strong views on the commodity markets, gold, and the problems within central banking.

AEXG
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Buy AEX Gold - 60%+ upside

On 31st July this year it was “Admission And First Day Of Dealings On AIM for AEX Gold Inc (AEXG , TSXV:AEX), with founder and CEO Eldur Ólafsson emphasising “a highly exciting moment for AEX Gold, with our successful fundraise allowing us to progress our corporate vision, whilst also providing UK and European investors with the opportunity to be a part of Greenland’s growing gold sector. We now have the financial capacity to push forward to production at our high-grade Nalunaq gold mine together with targeted exploration across our wider gold acreage in Southern Greenland. Our ambition is to become a full-cycle gold mining business of scale in Greenland, with Nalunaq the first project in what we believe could be many from our existing portfolio of gold assets”. But hang on, haven’t we heard of Nalunaq before?…

GVC
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Hello ten quid for my GVC shares! So what do I do now?

The good news for my portfolio on Friday afternoon was the news that not one but two bids for gambling name William Hill (WMH) from private equity group Apollo and casino giant Caesars Entertainment.  Sadly I do not own any shares in Hills but – as discussed many times on these pages including in my most recent video chat with Tom here  - I do have some positions in sector peers, most notably GVC (GVC).  As is the way it goes with such newsflow events, sector peers get a bump too.  
 

Sunday Long Reads: Girl drink drunk, disruption con, big cats, space gold, Barbecue 67

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? 

  • 27 September 2020, 11:23 |
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ANP

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ORCP

Oracle Power: Cynical Foul

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