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Latest News

Gold
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Has the gold bubble burst?

On 24th July I asked, in this column, if the gold market and shares in gold companies were a bubble. My conclusion was that, although there were signs of froth, there was no bubble yet.

JLP
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Jubilee Metals – follows Zambia copper agreement with South Africa chrome moves... price target increased

“Chrome Operations Update” from Jubilee Metals (JLP) including of “a third party Run-Of-Mine chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the next three years, with an option for this to be extended further” and “entered into a joint venture agreement with a privately held South African company  to secure the rights to a further 35 000 tonnes per month chrome processing capacity”

KETL

Table of shorted AIM shares - week to 14/08/2020

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

Here are Some of the 'Right Sort of Share' to Consider Buying Now.

Hello Share Scrappers. Do you view the battered trade and foreign tourist industries as a buying opportunity?  Doesn’t every battered sector usually come back up? And though the rule can’t be applied to every company, it’s often the case that after a disaster comes a bounce. However, I tended to avoid travel companies before the pandemic. And I certainly will now. The current French fiasco is only the start of travel restrictions yet to come. So where should we put our money now?

Madness

Leisure sector blundering Boris impact update...

I wrote on leisure sector blundering Boris impact a couple of weeks ago, concluding on cinema group Everyman Media (EMAN) at least a number of its venues are open and on it, and with in England bowling alleys, for example, to remain shut, on Hollywood Bowl (BOWL), that I continued to avoid. Now though further relaxation of restrictions are set to go ahead tomorrow..

Bearcast
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Tom Winnifrith Bearcast: the Mrs tries to drag me to the worst corner of my hell on Christmas Eve

I start by explaining what an awful day I have had and why. Can’t I just sit in the pool at the Greek Hovel with Joshua and relax? Then it is onto two companies run by Tory Grandees: Verditek (VDTK) and Westminster (WSG). Then a third bunch of scumbags, Novum Securities. Finally a warning about Reach4Entertainment (R4E). That is it from me… now the pool and the start of a weekend celebrating the assumption of the Virgin Mary. 

QUIZ

Quiz plc – emphasises “Extension to banking facilities”… but it ain’t for long!...

An “Extension to banking facilities” announcement from fashion retailer Quiz plc (QUIZ) – and the shares have currently responded to 7p, approaching 13% higher…

VDTK
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ANOTHER DEVASTATING WINNLEAKS EXPOSE: Verditek LIES to investors AGAIN in a 2nd placing - this time it's Project Star

Earlier today, I published an email showing that Verditek (VDTK) had, via its brokers, lied to investors as it tried to raise money in a placing in February/March 2020. Okay, to lie to investors once is bad enough but what if it has lied before? Might that suggest that there may be more lies out there and that the shares should be suspended while the FCA and the Oxymorons at AIM Regulation have a serious butchers? Well, as it happens, thanks to Winnileaks, I can now show below that Verditek also lied to investors as it raised money in late September 2019. Oops, two placings, two sets of lying… I sense a pattern here.

XTR
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Xtract Resources – “Manica Alluvial Gold and Corporate Update”, remains a buy?...

“Manica Alluvial Gold & Corporate Update” from Xtract Resources (XTR)…

VDTK
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DEVASTATING WINNILEAKS EXPOSE: Verditek and Project Black – proof of active lying to investors ahead of a placing

Last week I exposed how Verditek (VDTK) had misled investors in three placings by NOT informing them that previously announced contracts had not gone ahead and on Tuesday the company fessed up to this. But misleading by omission ahead of a placing is one thing. Actively lying is far worse and thanks to Winnileaks I can now demonstrate that Verditek has done that not once but at least twice.

GLR

Galileo Resources – Kalahari Copper Belt exploration here goes...

Galileo Resources (GLR) is “pleased to announce the commencement of exploration activities on Kalahari Copper Belt tenures PL40/2018 and PL39/2018… aimed at defining targets for initial drill testing”…

SYME
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Supply@ME Capital – the most overvalued ramp in Christendom?

Cripes! This is beginning to make Tesla look like a deep down value play!  There were, when I stopped counting at just before 5 yesterday, more than 150 posts on the ADVFN Bulletin Board. All ramptastic nonsense but as of now Supply@ME Capital (SYME) is the biggest riser in London at 0.315p and is valued at £69 million. It is worth NOTHING. Please remember 4 key facts:

 
Crash

Video: The USA is an insolvent bankrupt nation so buy Gold

Michael Pento President and Founder of Pento Portfolio Strategies does not mince his words. He says that  “We see now a rebound in the virus, the closing of the economies, and a fiscal cliff that is going to be absolutely devastating… The cliff is coming because you can’t print trillions of dollars and borrow trillions every few months. No economy in the history of planet earth has ever been able to do that without destroying its currency and bond market. I don’t think the US will be any different.”

RMV

You Might Make the Right Move By Supporting this Vital Platform for Booming Estate Agents

Hello, Share Tweakers. Scrolling through the rich Shareprophets archive, I’m surprised at how many times I’ve commended shares in Rightmove (RMV), the housing portal. But my view hasn’t changed, even in these strange times. We are considering selling our South Wales home and the estate agents tell us they’re in the middle of a selling boom. At the same time, there’ve been reports in the press that this won’t last and the current house boom will soon turn to bust…

FOUR

4imprint – interims, “to re-establish the growth pattern of recent years”?...

Previously writing on “leading direct marketer of promotional products in North America, the UK and Ireland”, 4imprint (FOUR), in April with the shares  towards 1900p I concluded including with even it considering “it is still too early to assess the duration and full economic impact resulting from COVID-19” - I suggest the valuation more than high enough for now. The shares have since reached around 2600p but are falling back today on the back of half-year results…

TPT

Topps Tiles – trading update, “confidence that the business remains well positioned”?...

“Trading Update” from self-styled “the UK’s leading tile specialist” Topps Tiles (TPT) – and the shares currently at 49.2p, approaching 14% higher…

PRE
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Pensana Rare Earths – emphasises green sh*t… but still further upside...

Shares in latest tip here, Pensana Rare Earths (PRE) – from Friday at a 32p offer price – have risen strongly and there has been an announcement from the company…

Crash

Video: Marc Faber: The Economy Will Not Return for Years

Legendary commentator Marc Faber does not mince his words. Whatever is being done to pump the stockmarket, the real economy has been crushed and will not bounce back. He states: “The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time… and by a long-time… years.”

Bearcast
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Tom Winnifrith Bearcast: Explaining to Pierotlunaire why he and Warren Buffett really do exist

I start with this explanation which relates to events at Eqtec (EQT). By the way is PL really saying that some investors were given information that the market and other participants in the placing did not have ahead of the placing? For that is what he posted on the comments section. Surely that too is a bit naughty? I then move onto Nigel Somerville’s purchase of Golden Prospect Precious Metals (GPM) and discuss that before turning to the shocking behaviour of the CMA with respect to funeral pricing which appears to give providers – including Dignity (DTY) – a license to overcharge going forward. That is dead wrong and a grave error that surely cannot be allowed to continue?

PEN

Pennant International – after last month “continued ability to convert new opportunities and win new international business”...

Provider of technology-based training and support to the defence and regulated civilian sectors, Pennant International (PEN) previously updated last month, though a trading update for the first half of 2020 today sees the shares currently at 36p, more than 7.5% lower…

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