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Normally Big Ray Zimmerman of ZAI Corporate Finance, nomad to a stack of China frauds, puts his name to lies pumped out by the Norfolks on the AIM Casino. But by way of change I have been passed evidence of Big Ray telling porkies in a regulatory announcement about his own company.
It would appear that with Arrow Global Group (ARW) we have a situation whereby the long game has been played by the bulls to date, but that we may finally be due a decent extended rally after the extended base has been made.
Hello share mates. I'm on the road at the moment. This means I'm having awful trouble getting this daily report to you. We forget this is still a new technology. There is still a long way to go before the Internet actually saves us effort, instead of causing it.
John Meyer of SP Angel this morning comments on Coal of Africa (CZA), Scotgold Resources (SGZ) and Stratex International (STI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Depressed gold at $1,092.45c (£700) an ounce and copper at below $2.40c a lb have yet to attract hordes of bargain hunters or contrarians, but AIM-quoted Xtract Resources (XTR) is keeping up the momentum in its quest to develop gold and copper opportunities across the globe. Chaired by entrepreneurial veteran Colin Bird, of Jubilee Platinum (JLP) and Tiger Resources, and steered by chief executive officer Jan Nelson, ex-boss of Pan African Resources, the company is characteristically trumpeting the discovery of a second high-grade reef system, ‘Reef System B’, at its Chepica gold and copper mine in Chile.
I shall admit that the old fraudster has chutzpah but he has today welcomed the SFO Criminal Investigation into Quindell (QPP). He should not as it will see him going to prison. Anyhow via his new fraud Quob Park Estates he had today said he sees Quindell shares worth 172p (in your dreams my son), accused me (0p target) of being short when I was not (that is defamation your criminal tosser) and said he welcomes the SFO getting involved (that’s a lie). The statement from the crook reads:
Featuring Aminex (AEX), Armstrong Ventures (AVP), Cap-XX (CPX), Coal Of Africa (CZA), Scotgold Resources (SGZ), Tern (TERN)
When are you going to publish the Quindell book? I was asked this numerous times yesterday and having chatted to the pizza hardman Darren Atwater, we think that the answer is October. But what to call it?
We have been telling you this for months but the Serious Fraud Office (SFO) has just announced that it is investigating Quindell (QPP). Oh dear Rob Terry perhaps not a day for dropping the soap jokes is it?.
At the start of last September, Quindell (QPP) proudly trumpeted its court “victory” over Gotham City Research. As Tom Winnifrith repeatedly warned the company’s shareholders, this “victory” was a hollow sham. By taking proceedings out against US-based Gotham there was no chance any judgement could ever be enforced. This is why Gotham didn’t try to defend itself. Of course, what Quindell was far less keen to talk about was why it didn’t launch similar proceedings against a certain vitriolic (and now entirely vindicated) blogger…
In this part of the bearcast I go through all the frauds admitted to by Quindell today, the bungs, the lies, the non disclosures, the revenue recognition issues, the panama pumps. Most of this has been revealed on this website already but today Quindell fessed up. What we said abut Himex, TMC, Jon Stretton Knowles, the fraudster Rob Terry...it was all true. And that means that Rob Terry WILL go to prison for this. And so will others.
Since I previously wrote HERE, AO World (AO.) has announced “with the financial reporting and corporate governance requirements of a public company and the increasing scale and complexity of AO's operations, the board has decided it is now appropriate for the COO/CFO role to be separated”…
Someone at the London Stock Exchange has clearly broken out the cattle prod today and abruptly woken the AIM Regulation Team from its deep slumber. Wonders will apparently never cease, as AIM Regulation has actually bothered release an announcement concerning its miserable failure to regulate Quindell (QPP). Those in a more charitable mood might say “better late than never”, but we strongly doubt there will be many long-term shareholders in this group. ShareProphets’ handy translation service now fills in the gaps of what should have been an apology to all those caught out by this fraud.
You have to end on a high and so that is it for a while from me. Full stop. Unless Rob Terry is arrested (whch will happen at some stage), I am not filing here any more. Because it does not get much better than today. Quindell has just released its 2014 results and I am 100% vindicted now. And so there is a two part Bearcast. In part 2 (this one), I explain what next for shares in Quindell and Slater & Gordon. One more bearcast and it is ouzo o'clock.
Banking isn’t necessarily a sector that I’d be rushing to take positions in at the present time, given the state of the world economy, but Royal Bank of Scotland (RBS) still interests me at current levels.
Bombing attacks by Turkey on their kinsman, ISIS chopping off heads of their soldiers? A record heatwave in the region killing the old folk and kids? A war on three fronts? Bugger that, these are but trivial issues for the Government of Kurdistan, top of its agenda is protecting the wealth of Bulletin Board morons who own shares in Gulf Keystone Petroleum (GKP). Well that is what flip flop Ben Turney, Paul Curtis and other bulls of this stock want you to believe. They are wrong.
Okay this is a note from a house broker so pinch of salt time, but an implied upside of well over 100% for shares in Galileo Resources (GLR) is worth checking out. And, given the recent sharp spike in the share price at Jubilee Platinum (JLP) it could be argued that the chairman of both companies, Colin Bird, is on a bit of a roll.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at MX Oil (MXO), New World Oil & Gas (NEW), Oilex (OEX), Sefton Resources (SER), the "dream portfolio" of the man who claims to be better than Warren Buffett, Mr Chris Oil
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…
Among the better setups technically for stocks and markets is the idea that the most robust turnarounds are extended and could be described as slow burn. A good example of this concept comes in the form of the present daily chart configuration at Aurasian Minerals (AUM).
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
For those of you who are contrarians you will have heard the quip by Baron Rothschild that the time to buy is when there is "blood in the streets" and by extension, the time to sell is at the point of maximum euphoria - "this time it is different" are the kind of words that should make you bridle.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
I’ve been following darling of the bulletin boards, Versarien (VRS) for some time finding the ever-increasing share price more and more incredulous. I thought I would use today’s results to take a closer look and come up with a considered valuation. In short, this appears to be the in the top 5 most overvalued shares on AIM – get out while the going’s good!
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
I recorded this on my last night in Greece. As you listen I shall be starting the trek back to Bristol. I appeal to those yet to donate to the Woodlarks charity walk by myself, Lucian Miers and Brokerman Dan to donate HERE - we are at 69% of our £20,000 target and every cent pledged will make a difference. Thanks to a reader for spotting a court case involving Safestyle (SFE) which is utterly shocking - I reckon this makes the stock uninvestable. I then take issue with the analysis of a City pal of Chris "three brains" Bailey on the matter of fraud.
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I assume that dividend munchers are feeling a bit glum today as the FTSE 100's most boring company (as I previously dubbed it HERE), Scottish & Southern Electricity (SSE) is seeing its shares fall by 3% odd percent. So what is going on?
HaloSource (HALO) “is pleased to announce that it has received initial orders for its new astrea ONE lead filtering bottle from its first retail customer in the US”. Hmmm, promising or ramptastic?...
Previously writing on Hotel Chocolat (HOTC) it was interims emphasise “another period of strong progress”… but progress enough for the valuation?. Now a trading update for the company’s year ended 1st July 2018…
Shares in Be Heard (BHRD) are currently the leading fallers today on the back of a trading update. The digital marketing services group though commences that with revenue up to more than £14 million, including 15% like-for-like growth. So what’s the problem?...
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
Hello Share Shapers. Royal Mail (RMG) is not a share I would buy more of. I will however hang onto those I do have for a while longer. Though I really ought to be looking for a good exit point I think.
Previously writing on Goals Soccer Centres (GOAL), with the shares down to circa 75p I cautioned with the trading update, currently awaiting a new CEO and the Chairman admitting “our recovery plan remains ‘work in progress’”, I certainly continue to avoid. Today a further trading update – and the shares currently down below 70p…
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