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Latest News

WSBN
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Wishbone Gold – placing and news on further Australia exploration...BUY

I admit that this has been an awful share tip and I can only apologise again. If it is any consolation, my losses on this are in excess of £30,000. The only way to make some of the losses back is to average down and I suggest you do that if you can at up to 2.4p because with a following wind these shares could easily hit 4.25p.

Crash

Video: The Ten Year Bear Market in Mining Juniors has Created Enormous Opportunity but the wider market is going to crash

Kevin Smith is the founder and CIO of asset manager Crescat Capital and warns that there are asset bubbles everywhere. He flags up the enormous credit bubbles that exist in China and Hong Kong. These credit bubbles have resulted in housing bubbles with a very similar signature to the last housing bubble in the United States.

COBR
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Stock Ramp Cobra Resources – just how is this NOT a misleading RNS?

Standard listed Cobra Resources (COBR) is the sort of enterprise that gives Aussie stock promoters a bad name. It has two brokers to pump the stock and do placings as often as possible, the esteemed blue chip houses of Peterhouse and SI Capital. Lots of placings, lots of dilution, but lots of commission, coke and hookers all round.  It also employs THREE firms of the calibre of LSE Share Talk to pump the stock to mug punters. But an RNS release of 17 August surely goes a step too far.

MTPH

Table of shorted AIM shares - week to 21/08/2020

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…

Gold
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Gold Still Volatile as the Fed Considers the Jackson Hole it is in

There is an old joke in musical circles in the form of two questions and their answers: what is it we try to learn from the great masters (in composition) and why do we not learn it? The answers are how to get out of a hole, and because the great masters don’t get into one in the first place. And that brings me to Jackson Hole – aptly titled for head of the Federal Reserve, Jerome Powell – where this year’s conference amongst the great and the good of Central Banking is being held virtually this year.

BDEV

Shares Versus Property? Why I'm Beginning to Prefer Bricks and Mortar

Hello, Share Swappers. This family is thinking of moving house. A big choice must be made whether to wait until we sell our present abode while keeping our shares.  Or to sell some shares to buy our new house, thus being able to afford two dwellings for the time being. It all depends on whether share prices will rise faster than house prices. And I rather think it’s safer to put more into property these days.

SIXH

600 Group – trading update, orders returning to acceptable levels?...

Industrial engineering company The 600 Group (SIXH) has updated including of “a £1.2m ($1.6m) new term loan with a 3-year bullet repayment under the Coronavirus Large Business Interruption Loan Scheme through HSBC and “all sites are operational… the level of order backlog has returned to acceptable levels”. The shares though are little changed at around 8p…

Bearcast
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Tom Winnifrith Bearcast: I dump one stock and buy another to get my money back and explain why

I shall explain which I am selling and which I am buying and exactly why in the bearcast. Enjoy. I also look at the latest Covid data which spells death for Catenae (CTEA) and doom for others and with a hat tip to the great Peter Tatchell to COVID profiteering by Burberry (BRBY). I look at Plutus Powergen (PPG) in detail, and also at share trades that have happened but others that are not happening which explain why Supply@ME Capital is shaping up to be such a scandal and one where the FCA has disgraced itself by its actions and is still disgracing itself by its inactions. I also explain why comrade PL is taking nonsense on ESG spend adding value.

GYG

GYG – half-year “expects to report increased Adjusted EBITDA”, but...

Yacht painting, supply and maintenance company GYG plc (GYG) has updated including that it “expects to report increased Adjusted EBITDA… The order book remains strong and the team are working on a number of potential leads that will further strengthen this through the second half while maintaining our keen focus on gross margin improvement” – and the shares have responded to 81p, 4.5% higher…

KGP
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Insulation remains hot at Kingspan

I hope you all bought a bunch of stocks in the third week of March. I certainly did (and at other times too at less optimal moments – no Bernie Madoff claims of market timing brilliance here) but one I regret not buying is insulation company Kingspan (KGP)…

HZM
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Horizonte Minerals going the right way: I've bought more shares and so should you

When it comes to small mining companies, lots of them appear to have a great story and if you listen to those doing calculations based on resources in the ground, most are worth billions!

AVO
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Advanced Oncotherapy – Draws down on Convertible Loan. Is it a Death Spiral or what’s the catch?

It was announced this morning that AIM-listed Advanced Oncotherapy (AVO) has drawn down an initial $10 million on its secured convertible loan package totalling $30 million with Nerano Pharm – a financing vehicle wholly owned by significant shareholder Seamus Mulligan. So is this a death spiral, and what’s the catch?

ULVR
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Go woke Go Broke – Ben and Jerry’s, Unilever, Priti Patel, and the stench of hypocrisy

Yesterday, I noted how the woke revolution sweeping listed companies was making the 1% richer at the expense of we plebs who just own shares. But big corporate is not only alienating shareholders with such antics but, in many cases, its customers too. Nowhere is the stench of this virtue signalling more apparent than at Ben and Jerry’s. But this saga is far worse.

KEFI
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Kefi – the start of a transformational two months when shares could double: Stance & PT upgrade on news from Saudi

Loyal and very excited shareholder Tom Winnifrith writes: KEFI Gold and Copper (KEFI), you will note the name change, has announced the maiden Mineral Resource for the Hawiah copper project located in Saudi Arabia. This marks the start of two months which could and should be transformational for Kefi on two fronts and which will, we believe, have the potential to see the shares, now 2p offer, more than double…

Gold

Video: Crashing Real Interest Rates Creating the Best Tailwind for $3500 Gold

Economist David Rosenberg says that flattened yield curves are promoting liquidity issues, credit supply has been contracting, and the velocity of money is also declining. So, he argues, if money velocity stabilizes, we’re going to get a lot more inflation, and perhaps that is what gold is trying to signal.

CWR

Jolly Green Battery Group Claws Back Share Value After Big Dump. But There Could be Further to Go...

Hello, Share Plungers. It’s time for an update on the volatile fortunes of a company that I’ve high hopes for and have often said so on this sparky website. You may recall that Ceres Power (CWR), the super-battery-of-the-greener-future firm, was used to seeing a regular small share rise over many months. Then its popularity plunged when a big investment company sold 5% of the shares…

Bearcast
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Tom Winnifrith Bearcast: 7Digital rockets but this is bonkers

First up I explain why I am going to make some damson jam with Joshua this weekend and why, thanks to Clem Chambers and Online Blockchain (OBC), you can win a pot. I mention en passant FastJet (FJET) and its journalist-smearing fascist bastard PRs at Citigate Dewe Rogerson, Wishbone Gold (WSBN), Big Dish (DISH), and Supply@ME Capital (SYME). Then I do a long piece on 7Digital (7DIG).

AO
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Vanity not sanity still ruling at AO World?

Was my last article on AO World (AO.) really all the way back in March 2017 as per here? Back then it was kicking around a 140p share price and kindly lost two thirds of this over the subsequent three years. Back then I bemoaned the renamed Appliances Online’s inability to understand that ‘in the world of retail revenues are vanity whilst profits are a matter of opinion (but better to have than not) whilst cash flow is sanity’, asking to be woken up when ‘the company starts talking about generating cash and proper profits’…

PMO
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Premier Oil – So long Solan or toast?

I have followed Premier Oil (PMO) for some years – it’s provided some wonderful opportunities to make money. With massive debts, relative to its equity, it’s provided a geared play on the oil price ever since the oil price crash of 2014/ 2015. Today we told further and better detail on the next round of refinancing to sort the debt. I wonder how many have spotted the lurking issue?

HAYD

Haydale – shares all over the shop…..could there possibly be a placing on the way?

I have warned and warned that AIM-listed Haydale (HAYD) would need more money and as ramptastic RNS after ramptastic RNS has been issued by the company as it has joined the Covid-bandwagon, despite a calamitous profit warning in April the shares have been rising and rising. Today, they stopped going up: is there a placing on the way? Do we need a statement from the company?

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Catenai – monster dilution

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