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Top-10

Notes from Underground - Most read articles for the week ending 29 August 2020

BT Group takeover by Chirs Bailey is at a fantastic number four or number 12 including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.

RRR
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Red Rock Resources – looks to add to uber hot Australia gold potential... and a hot rumour

Red Rock Resources (RRR) has updated loyal shareholders such as myself that on “research, including the results of proprietary geophysical analysis… targets were identified across the western and southern boundaries of EL007329, one of the joint venture’s eleven application areas in the Central Victoria Goldfields, and an application has therefore been submitted for a further tenement, EL007460 (‘Kilmore West’)”

Gold

Video: The Currency Reset is Here: sell dollars and buy gold ahead of fireworks!

Lynette Zang, Chief Market Analyst at ITM Trading, says that the Fed has been unable to hit its 2% inflation target but says, “The Fed is getting prepared because they expect to lose control of inflation soon.” The Fed plans to quietly introduce a cashless system with an 18 step plan early in 2021. This new system will enable the Fed to deposit money directly and will give them absolute control of their policies. This coming UBI stimulus scheme will be the fuel that starts hyperinflation fire since we are a consumer-driven economy; they have to get us to consume.

HTG
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Hunting for a bargain and waiting for the Train

I have had a bit of a soft spot for the oil services company, Hunting plc (HTG), since 2009 when I bought it around 350p, which proved to be its post GFC low having collapsed from around 900p. By 2012 it had returned there. I have dipped my toe at around 185p having read the interims to June 30th and hope to repeat the trick…

Bear

It strikes me that we are getting into an awful pickle with money

This are only going to get worse

Gold
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Going Shopping for gold shares at the Montana Log-Cabin

I said yesterday, as I welcomed our own David Scott to the Montana Log-Cabin for beans and gold-talk, that I felt it was time once again to get out the buying boots and feast carefully on gold stocks. So I did.

Bearcast
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Tom Winnifrith Bearcast: Can Trump Win? Everything says it is getting more likely and why this does matter to British Investors?

I called it for Trump in September 2016 when the media classes wrote him off. I am not calling it for him yet, but it is looking better and better, hence more fake news reports from the BBC and the rest of the Mainstream Media to the contrary. I examine what the polls say in detail, debunk a right-wing conspiracy theory and look at the four key variables that will determine the outcome and, bad news for the liberal media, all four trends are playing Trump’s way.

HUR

Table of shorted AIM shares - week to 28/08/2020

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…

IQE

Lots of Exciting Speculations Out There, Gang. But Boy! You May Need To Hover Over that Sell Button

Hello Share Peckers. As a private share trader, there are two ways to play the Covid outbreak. One is to assume all ships rise on the tide. And that as the virus will go eventually, we just need to sit back. The other is to take advantage of the scary volatility of some stocks at the moment. In other words to buy on the dips and sell on the jumps. So what will you do?

SKIN
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Integumen – recommended all-share offer for Modern Water on the covid bandwagon...

“The Boards of Integumen (SKIN) and Modern Water (MWG) are pleased to announce that they have reached agreement on the terms of a recommended offer… for each Modern Water share 1 existing Integumen share… Based on the existing Integumen share closing price of 4.05 pence per existing Integumen share on the last practicable date, the offer values the entire issued and to be issued share capital of Modern Water at approximately £21.25 million”…

Gold
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The View from the Montana Log-Cabin as it welcomes our own David Scott for Beans by the Fire to talk Gold

And so Buzz Lightyear “QE to Infinity and beyond” of the US Federal Reserve spoke at the virtual Jackson Hole economic summit for the great and the good of Central Banking. Reading between the lines, we can expect higher inflation but interest rates will stay low on the other side of the pond. That, of course, means that US Treasuries are set to lose investors’ money as inflation eats into the capital invested. As we all know, if the US sneezes the rest of us catch a cold, so expect the same thing this side of the pond. That was the news, but there seems to be a point that has been missed.

Bearcast
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Tom Winnifrith Bearcast: Am I a nicer and more sociable guy than Luke Johnson and has Boohoo boobed in Leicester?

I start with a look at Boohoo (BOO) shares which are failing on the back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask whether Luke Johnson or I am more sociable and what this means about folks stopping work from home. Then onto gold stocks in general: Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR), and Ariana (AAU). I look at Amigo (AMGO), Attis Oil (AOGL), and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:

TND

Tandem Group – trading update, a different approach to shareholders?...

“Designers, developers, distributors and retailers of sports, leisure and mobility equipment”, Tandem Group (TND) has updated including “turnover and profit before and after tax for the 6 months to 30 June 2020 are expected to be ahead of the prior year” – and the shares have currently responded higher to 380p…

Crash
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David Scott calls the top on the 35 year bull market in bonds

One of the true highlights on the July online MineProphets shares conference was, in my view, my interview with David Scott of Andrews Gwynne.  When we did that interview, David said he would let me know when he went negative on bonds and called an end to the 35 year bull market. This is that call.

AMGO
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Two years on...Amigo remains no friend of mine

I don’t need to tell regular readers what I think about Amigo Holdings (AMGO). Two years ago here, I first wrote down the ‘Amigo is no friend of mine’ line at a share price for the guarantor loans lender a mere twenty times what you can buy them for in the market today. I could not understand the business rationale or ethics. I also do not need to tell you about the general tone of commentary on this website – primarily from Tom and myself – about Amigo in the two years since. It is a horrible business which should never have been allowed to list a handful of years ago. However, recent months have added further levels of controversy…

Bear

Video: The Coming Great Depression Will Make the Last Look Like a Small Technical Correction

If you are feeling a bit low, you’d better not tune in to this one. Writer David Morgan is a bear at every level.

VRS
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BREAKING Scandal: The 16 other Innovate UK grants to Versarien exposed - what return has the taxpayer had on them? Nil!

As things stand, Versarien (VRShas drawn down the first 40% of a £5 million low interest loan from taxpayer-funded Innovate UK despite demonstrably being ineligible for what is the body’s biggest ever loan - indeed admitting in its own annual report that it breaches the eligibility criteria. That is a scandal. But I can now show why this scandal is far worse and suggests that Innovate UK hands out cash to favoured companies on an utterly indiscriminate and un-monitored manner which no assessment of whether its funding delivers any return or benefits for taxpayers. What follows is shocking. A co-conspirator has raised the issue of the illegitimate loan with Innovate UK and has this response from a Matthew Oswin:

HUM
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Hummingbird Resources – “no current impact on Hummingbird's operations”, but bank our gains?...

Shares in Hummingbird Resources (HUM) have recovered some of previous gains having been hit by the military coup in Mali…

RB

Why the Dettol King's Share Price Should Keep Rising on the Virus Effect

Hello, Share Takers. I’m beginning to feel like a hygiene nut, but here’s another company that should do well out of fighting the virus. And this time it’s one of the bigger British companies. Reckitt Benckiser (RB.), the Dettol king, is working hard to maximise its involvement with sanitation. For example, it’s set up a special department for helping big clients, like hotels and transport terminals, work out ways of cleaning out the virus from their premises. 

DFS

DFS Furniture – Sofa Workshop, a bad case of ‘sofaeconomics’

DFS Furniture (DFS) has updated that “after careful consideration, we have decided to sell Sofa Workshop to Halo… Following the disposal, the group will benefit from the reduction in the cash costs of funding Sofa Workshop’s operating losses, elimination of the potential volatility in the profitability generated and it will allow the group to focus on executing the significant value creation opportunities in its core activities”…

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