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Latest News

WSBN

Wishbone Gold – Australia exploration work to add further excitement?...

A month ago, we told you to average down and BUY Wishbone Gold (WSBN) at a 2.1p offer. With the shares now at 3.3p-3.6p, we hoped you took our advice and have clawed back some, if not all, of your losses on this serial disappointer. Where next?

Quiz

The ShareProphets Sunday Pub Quiz #54

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.

AMGO
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Sardines!

Chutzpah: extreme self-confidence or audacity, usually used approvingly.

Top-10

Notes from Underground - Most read articles for the week ending 12 September 2020

The most read non-Tom article this week is Bonkers! Adamas bizarrely uses the recent placing proceeds to buy back shares at a higher price! by Gary Newman is at a thrilling number three or on the edge of the leaderboard at number ten including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.

Bearcast
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Tom Winnifrith Bearcast: can you assist me in unpicking Innovate UK - I smell a massive fraud on we the UK taxpayer

I may be in the gulags of Merthyr Tydfil by tomorrow night so if there is no Monday bearcast, you know why. I look at abuse of furlough and how some folks want this madness to continue and then at the Government’s bonkers demands of the EU to allow it to hand out vast sums to British companies. In that vein, I flag up my latest expose of Innovate UK HERE. I sense this scandal is massive and will grow. If any of you are bored and want to assist uncovering it, the relevant link is HERE.

DELT
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Deltic Energy – Another month, another potential offer!

It was only back in July that Reabold Resources (RBD), made an initial approach to take-over Deltic Energy (DELT). I did not like this proposal at all and concluded Reabold should just sod off, which it would appear it did, at least so far. On Friday Independent Oil &Gas (IOG) confirmed it was considering a take-over approach for Deltic. Once again I find myself questioning the very idea of a takeover.

Bear

You can implement more change in two years of war than you can in twenty years of peace

Listen to Sunny Jim in 1976 and panic..

UJO
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Union Jack Oil – “Response to Market Speculation”… a bit late considering the recent share price!

On Thursday, there was a Response to Market Speculation” announcement from Union Jack Oil (UJO), noting “recent market speculation relating to a potential fundraising”

HUR

Table of shorted AIM shares - week to 11/09/2020

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…

AV
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Aviva: my FTSE 100 crush brightens up my weekend

I declared my new FTSE 100 corporate crush a month or so ago here and Amanda Blanc, the newish CEO of insurance giant Aviva (AV.), is starting to deliver.  Yesterday’s announcement was that the company has sold its majority shareholding in its Singapore business to a strong sounding consortium for a cool £1.6 billion, which is not too shabby for a middling at best geographic division for a company with a market cap of £11.6 billion. Go that simplification plan! 

Dead-Donkey
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Grim Reaper casts a long shadow over AIM as numbers continue to slump

We are almost back to 2003. That is the message from the London Stock Exchange’s latest AIM Factsheet (downloadable HERE) which shows that the number of casino chips on the world’s most successful growth market was down to just 825 at the end of August, against a peak of 1,694 companies back in 2007. AIM has more than halved in size.

Bull

The Economy Strikes Back and the Millennium Falcon Carrying Our Shares Shouldn't Lag Behind for Long.

Hello, Share Fans. The virus story is still fluid. And companies which benefit from its continuance are still diving up and down all over the place.  I’m thinking of the many outfits looking for tests and vaccines. And those making sanitisers and disinfectants. But what about all the other shares? Well most of them are stuck. The Footsie hovers around 6,000 which means most of us are still suffering paper losses.

SHG
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Shanta Gold – a buy?

Shares in East Africa-focused gold producer Shanta Gold (SHG) approached 13p in February with the gold price still then well below $1,700 per ounce. With it now well above $1,900 and looking to have, potentially much, further to go and following recent updates from the company…

Bearcast
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Tom Winnifrith Bearcast: is Eurasia cracking and is it now time to short?

I start with more on the issue of sound quality and an explanation as to re-recording yesterday and other issues. I hope we do better today. Then I look at Eurasia Mining (EUA), Mirriad Advertising (MIRI), Hurricane Energy (HUR), Sound Energy (SOU) and Verditek (VDTK).

TUNG

Tungsten Corp – following results arguing “still expects to meet external forecasts”, “Directorate Change”...

Previously writing on electronic invoicing and purchase order transactions network company Tungsten Corp (TUNG), in July with the shares at 42p I questioned “positions the business well for future growth”?. Now a “Directorate Change” announcement has followed recent results for the company’s year ended 30th April 2020…

Pig
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Hurricane Energy – surely the case against the whore blogger Malcolm Graham Wood is now beyond doubt?

Today’s latest disastrous news from Hurricane Energy (HUR) is covered by Gary Newman HERE. Gary and Peter Brailey, having been bulls in the distant past, have both been warning you for ages that this was a disaster waiting to happen. But as the shares have collapsed from 60p to just 3p over the past 15 months, one man has been steadfast in his support. Just as he was until the bitter end with the fraud Frontera (FRR), churning out comment after comment after comment suggesting quite explicitly that the shares were cheap. I refer, of course, to Fat Bastard, the whore blogger Malcolm Graham Wood.

G3E
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G3 Exploration – what on earth is boss Randeep Grewal smoking? (PS can I have some please)

G3 (G3E) used to be known as Green Dragon Gas (GDG) and on 4th October 2013 I published an explosive dossier despite quite explicit threats to me if I did so. The shares were then 229p and, natch, the Oxymorons at AIM Regulation did nothing. Today the shares are 10.35p but after the latest RNS, that is 10.35p too high.

HUR
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Today's news looks like the final nail in the coffin for Hurricane Energy equity holders

Hurricane Energy (HUR) promised so much but it looks like it will end up joining the long list of failed companies in the natural resources sector following recent updates, including the interims today.

GPM
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The View from, over my gold pile, at the Montana Log-Cabin……Yawn!

If you are invested in big players on the Nasdaq or the Dow Jones it has been an interesting week so far. I say “interesting”, but it is in the Chinese sense – others might view it as worrying. One minute they are crashing, the next they are up sharply. The fear has to be that we could be about to head sharply south but there are enough buy-the-dips investors still around….for now. Gold, on the other hand, is caught in a range of around $1900 to just under $2000 per ounce.

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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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