Hello, Share Travellers. Having heard a glowing recommendation from that legendary fund manager Mark Slater at one of Tom’s investment shows, I bought shares a few years ago in AFH Financial Group (AFHP). Sadly the company has been hit by Covid issues and the share, which reached more than 420p after I bought in, more than halved towards 200p in March. Currently, it’s back to 341p, though that is not quite as impressive as some similar companies at this stage. However, it could mean AFH could recover even more now…

If you wait for everything to line up in an investment opportunity, then often by the time it does you have missed a good chunk of at least the initial move.  Actually – in my experience – it is a good thing when there is a little bit of uncertainty because then you are likely to be going into something with your eyes open.  Just as nothing exists in a vacuum, nothing is flawless.  Life and the markets are both risk-reward games.   

Jordan Roy-Byrne, the only chartist we take seriously, predicted the recent correction in gold. What next?

I start with a few words on my poisoning activity today in the snake-infested land around the Greek Hovel. Then a discussion on why the stock market is NOT as Donald Trump and the media class think (telling you that we will see a V shaped recovery) and why there is mounting evidence that we will not.

Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 

Fifty? We’ve done fifty pub quizzes? Well, you still don’t get a prize. This has nothing to do with shares or investing or anything. It’s the end of the weekend and we’ve organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete’s sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won’t get a prize.

My curate’s egg of slam-dunk sells for 2020 continues its strange performance. On the one hand, Walcom (WALG) has disappeared from view – a zero – and on the other we have two total POS at silly prices because the market is, in my view, just totally mad.

The most read non-Tom article this week is View from the Montana Log Cabin – Am I worried about gold and gold shares ? No, time to get the buying boots out! by Nigel Somerville is at an astonishing number or number six including Bearcasts and Tom’s new shareshow.

I start with a few thoughts on the possibility that Greece might be added to the UK’s Covid red list – feck you Boris you utter clown and here’s why. Then I see that old Warren Buffett has finally seen the light on gold and I have a few thoughts on that. Then a bullcast on why Jubilee Metals (JLP) has crossed in inflexion point and is now such a perfect investment.

Last week I demonstrated beyond any doubt that Verditek (VDTK) had deliberately lied to investors to raise bailout funding as you can see HERE. But it is not alone… welcome to the sordid world of Mike Walters, aka Old Mother Walters. He was once my idol.

Don’t think this is good news for you….

If you thought the gold bull market was over, think again for Warren Buffett has joined the party. ShareProphets fave Jordan Roy-Byrne of TheDailyGold.com picked up a regulatory holdings announcement that Berkshire Hathaway is now the proud owner of 1.2% of Barrick Gold, and that David Einhorn’s Greenlight Capital has been piling into the GDX ETF.

On 24^th 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.

A “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”…

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…

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?

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..

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. 

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