The last time that the retail punter got stuck into Solgold (SOLG) was in 2010 when it was about to discover vast amounts of gold in the Solomon Islands (it was then known as Solomon Gold). The stock went from 5p to an intra-day high of 70p in a matter of days allowing the company to raise £15 million at 28p in October of that year.
It is a delicious double irony of political philosophy and commercial pragmatism to learn that the China National Tobacco Corporation had agreed a deal with British American Tobacco (BATS) to sell the late Chairman Mao’s favourite puff, State Express 555.
Dr. Neil Adshead joined the world’s best known resource investor Sprott Asset Management LP in early 2012 as an Investment Strategist. He does not hold back with his views – note what he says about company generated value models. Ouch.
Disgraced Sefton (SER) ex-boss Jim Ellerton is still lying. Even though for him the game is up. It gets to the stage where if Jim said that 2 + 2 = 4 or that the Pope is a Catholic I would assume that somehow 2+2 was 5 or 3 or any number other than 4 and that his holiness was now a nice Jewish boy. Jim: what are you on? Acid?
Following its results announcement yesterday for the first half of 2013, I updated on inkjet printing technology company Xaar plc (XAR) that the previous caution espoused looks to continue to hold – see HERE. The company has followed today by announcing a couple of director share sales…
Shares in Tobacco companies have a good track record in bear markets, they are defensives as opposed to cyclicals. Defensive shares tend to do well when the general market goes down while cyclical shares tend to outperform the general market in a bull market.
AIM-listed gold producer from Tanzania, Shanta Gold (SHG) has announced that it has restructured its bank debt facilities with FBN Bank on improved terms, including an improved interest rate of Libor+6.5%, with a four month capital repayment holiday and longer repayment tenure of 36 months improving 2013 working capital by approximately $12 million. The following updates, with the shares currently trading more than 3% higher on the news at 16p…
Top resource stocks broker Fox Davies has published a note arguing that shares in Minera IRL (MIRL), now at 14p are in fact worth 48p.
The U.S. Comex gold futures fell 0.52 percent in the past two days but are still up 1.22 percent week-to-Thursday. The gold futures traded as high as $1,432.90 on Wednesday. During Friday morning in Asia, the prices traded lower at around $1,404.
Our very own penny stock resources guru Doc Holiday has challenged our friends at Mining Maven to a share tipping contest. Today is day four. C’mon Doc:
Sefton Resources (SER) has this morning fired its chairman Jim Ellerton from the board. He has been shown to be a liar, a criminal, a man not fit to run a PLC and there will be worse to come for him as the Serious Fraud Office, the US Internal Revenue Service and the Colorado Department of Justice Enquiries get underway. All three have been or will be provided with full dossiers. Ellerton will try to grub whatever cash he can from Sefton but he is toast. Toxic toast.
Developer and supplier of payment and on-line loyalty systems, Universe Group (UNG) has announced it has appointed a new CEO with effect from 23rd September to succeed Stephen McLeod who is departing at the end of that month “to pursue other projects with the company’s best wishes and gratitude for his leadership over the past two years”...
I last updated on Cape plc (CIU), the fully-listed international provider of essential support services to the energy and mineral resources sectors, in May – particularly noting, with the shares then at 272.75p, concerns about exposure to a weakening Australia – see HERE. The following updates post results for the first half of 2013 from the company today…
I previously updated on fully-listed inkjet printing technology company Xaar plc (XAR) following a stunning trading update from it in June – see HERE. The company has today announced results for the first half of 2013…
Our very own penny stock resources guru Doc Holiday has challenged our friends at Mining maven to a share tipping contest. Today is day three. C’mon Doc:
The world’s number one mining analyst Roger Bade has again stuck the knife into Sylvania Platinum (SLP) warning that big asset write-downs may well see the next set of results drowned in red ink.
At 7 AM a week ago liar and crook Jim Ellerton stepped down from the board of Sefton following the publication by me of documents showing that he was a liar and criminal. This was meant to be temporary pending a full investigation which we were told would mean that we would get an update “within one week”.Well guess frigging what?
Following my update last week on Cineworld Group (CINE), the largest cinema operator in the UK, the shares have continued to advance (to a current 421p) and the company has today announced an expansion of its partnership with IMAX Corporation…
I tipped shares in collectibles business Noble Investments (NBL) at a 220p offer price in February on the Nifty Fifty website I run with Tom Winnifrith and at the time I noted that the company had been hit a few months prior by commissions due of £2.2 million remaining unpaid “as a significant Qatari collector has yet to settle the consideration due in respect of auction purchases”.
Following interim results from international engineering, construction and technical support services provider, Kentz (KENZ) yesterday there has been further broker reaction. The following updates…
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?
It only took 15 days but I have just received my first lawyer's letter of the year, via email. So here is a little quiz. Who sent the letter:
So yesterday saw Joshua go to his first proper football match - Brislington Ladies vs West Ham Ladies. A full photo report will follow later but the language from the Essex Girls in claret and blue was not very lady like. Listeners, I was shocked. On the markets I look in detail at Versarien (VRS), Greatland Gold (GGP), Velocys (VEL), RM2 (RM2) and as well as Nomates Neil Woodford I also have some Julie Meyer news, I fear that "Praise Be the Lord" may be about to send me a letter.
A hat tip to Waseem Shakoor for the graphic below. Carillion (CLLN) went bust today. Greatland Gold (GGP) has seen its shares halve as Newmont has pulled out of a jv. So what else do folks owning these two stocks own? See below.
As you know I got a lawyer's letter from the Ariadne Group run by Julie Meyer yesterday. I explain why the in house lawyer poodle chap is a very confused young man. He has not, as he said he would, got back to me to clarify his confused position. I urge you to read Nigel's AIQ expose today as it is most excellent. I discuss Haike Chemical (HAIK) and why it is by definition a bad company as is - as per today's article here - Purplebricks (PURP). Then it is onto the looming bun fight at Paternoster Resources (PRS) - if any of Nick Lee, Amanda Van Dyke and Melissa Sturgess which to dish dirt on the oppo, I am here and happy to publish it all. You see I am everybody's friend.
Having taken a look at the prospectus for the flotation of AIQ (AIQ) on the Standard list in part 1 we now move on to Mama Captain, Barrel2U, Mama Harbour and iBuddee. These outfits have faced allegations of being ponzi/MLM (multi-level marketing)/pyramid/money game schemes.
Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...
North of the Border, www.scottishhousemove.co.uk is going after Purplebricks (PURP) big time. Its homepage boasts that it will undercut Purplebricks by £750 and carries a stream of dismal reviews from allagents.co.uk for its larger rival. Then it really goes on the attack as you can see below.
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
Last week’s flotation of AIQ (AIQ) on the LSE’s standard list raised a lot of questions. For a start there was demand for the stock, but apparently no stock available to buy: it seems the registrar had yet to send out certificates and so the shares rocketed until they were suspended. But after much digging, there appears to be rather more to the story than the listing of a bare Cayman Islands shell. Where to start?
To understand why 2018 will be a catastrophe, imagine a magnificent mansion built with the finest materials and craftsmanship and furnished with the most expensive furniture, carpets and decorated with finest art. Now imagine this mansion is built on quicksand. It will have a brief shining moment and then sink slowly before finally collapsing under its own weight.
There's been an accelerated bookbuild which has seen Adam Reynolds and a number of close allies place out all their stock in React PLC (REAT). The shares we own were not placed out. We will only sell after advising you to do so.
Despite the scepticism previously exhibited on this stunning website, I would not be in a rush to sell shares in Versarien (VRS). Even though yesterday’s leap was approaching 35%. That’s normally a signal for this old punter to trouser the profits. But this is one of those mystery shares which could go either way, and I don’t welcome the pain of maybe selling too quickly.
Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.
Hello, Share Pilers. Even though you must be making dollops of money from shares, given the perky Footsie, some of you are still scrimping a few quid a month, by avoiding a life-saving subscription to this magnificent website. That makes no sense, as it will help you avoid making slips which could put you back to square one again.
Geotechnical engineering contractor Van Elle (VANL) has updated regarding the demise of Carillion plc as it “carries out regular work for Carillion as a specialist lead sub-contractor, principally in respect of rail improvement and maintenance work where Network Rail is the end customer”…
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