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If you know of a promising copper project, preferably in Africa, you might have a word with David Archer, chief executive officer of Savannah Resources. Archer says he is following ‘exciting progress’ at the AIM-quoted company’s Jangamo mineral sands project in Mozambique, by seeking to diversify and stresses ‘I’d dearly love a copper project.’
Three months ago, on November 13th, Bowleven (BLVN) hit its shareholders with this very damaging placement at 45p. The price of this fundraising was hard enough to stomach, but the real harm to sentiment was caused the day before. If the abrupt and “mysterious” drop in Bowleven’s share price on November 12th isn’t obvious evidence of insider trading then I don’t know what is. So far nothing has been done about this and I believe it is time for AIM Investigations Team and FCA to act.
Software solutions provider to the international wireless and leisure travel industries, Anite plc (AIE) has updated that trading in its third quarter (to end January) “has overall been in line with expectations” and that “we continue to expect that second half trading will improve on the first half”. With the shares having nudged ahead to 86.5p, after a profit warning in October which saw them plunge from more than 110p, is a recovery now in progress here?
Yesterday I revealed the dire financial situation Sefton Resources (SER) faced due to its in-default debt - HERE. The company says it is trying to refinance it? Really? Please explain what follows!
Edison is paid by companies to produce research and thus it invariably paints the best picture. And so when it initiates coverage of a stock and struggles to find a buy case, I’d read that as a sell. Hence its initiation of coverage of AIM listed Zambeef products (ZAM) at 33p.
The U.S. Comex gold futures rallied for nine consecutive days and ended at $1,324.40 on Tuesday. This is the longest rally since the summer of 2011. On Wednesday in Asia, the gold futures retreated about 0.7% to $1,315 while the Dollar Index declined to a seven-week low to below 80.
There comes a time in the affairs of all companies that promise much more than they deliver when the patience of investors starts to run out and they head for the exit (usually all at once). Sometimes this can take ages (think Pursuit Dynamics which lasted 18 years or Proteome Sciences(PRM) which is still stringing along investors and approaching its 20th birthday) other times the process is shorter but in virtually all cases the common factor which concentrates minds is cash.
Commissioned researcher Edison has initiated its coverage of Gable (GAH), small and fast-growing pan-European commercial non-life insurance underwriter. The bullish tone is not surprising (who pays the piper?) but the note is incredibly detailed and Gable is a class outfit and that makes it worth reading.
We are well ahead on our share tip on specialist media company Electric Word (ELE) but is there more to come?
Marketing services group Creston plc (CRE) was one of my tips of the year – and, having risen to a current 109.5p, the shares have performed well thus far. The following updates my view post a trading update from the company earlier this month.
'Catch a falling star and put in your pocket’. Is that appropriate advice for Rolls–Royce (RR.)? The shares have plunged nearly 25% in five weeks, following a warning that its military aerospace profits would fall 20% this year to 31 December 2014. Even so, the further they fall, the more attractive Rolls-Royce’s valuation looks.
With all the fun and games surrounding gold’s ascent since the start of the year, silver’s rise has been largely overlooked. This could be about to change as the industrial and precious metal is on the cusp of triggering a strong MIDAS buying signal at $21.92/oz.
Hello Share Twisters: British Telecom (BT.A) is rattling along, beating new records every day. Yes, I know the old Footsie is on a roll (as I write this). But it is still outperforming the Footsie
Goldstone Resources (GRL) is a company I quite like, but we can’t ignore today’s bad news. The latest attempts by Randgold Resources (RRS) to find a sufficiently high grade gold deposit in Goldstone’s Sangola permit, in eastern Senegal, have failed. I expect the shares to drift lower over the coming months.
As ever the way Sirius Minerals (SXX) communicates with its long suffering shareholders is a farce. I have covered this before and explained why I am a mega bear of this stock – as you can see HERE – but the past 24 hours have been another masterclass from this AIM Cesspit posterboy.
Minera IRL (MIRL) has updated that its Corihuarmi mine in Peru “has once again exceeded expectations” – with, after 6,446 ounces of fourth quarter production, 2013 gold production coming in at 25,223 ounces, compared to guidance of 24,000 ounces. However, with there also some slight delays elsewhere, is there value at the current 12.25p share price? – this up from little more than 8p hit in November but comparing to more than 100p reached in 2011 and more than 50p as recently as early 2013.
With February being the ‘love month’ what share could be best placed to feature in this month’s Stock-Ping? Yes, you’ve guessed it Internet dating company, Cupid (CUP), ‘a global leader in online dating’ with some 45 million members across 106 countries.
Sefton Resources (SER) owes $4.7 million to the Bank of the West. What is the state of play on this loan and has this company been 100% upfront with its investors? Read on.
The last couple of years have been very hard for smaller oil companies, and many of those listed on AIM have had their share prices decimated. One of the few to buck that trend was UK and Ireland based Providence Resources (PVR) as it hit a high of over 700p per share during the middle part of 2012 when many of its peers were on their knees.
What a mess. What an absolute shambles Range Resources (RRL) is. God knows how many pension pots this company has decimated over the years, but do I sniff a whiff of capitulation in the air? I think I might...
I explain why the FD and CEO of FootAsylum (FOOT) must be fired at once after today's profits warning. I forgot to say that any company holding and announcing an "analyst teach in" - as Rob Terry used to do - is almost an automatic sell in my book and FootAsylum is an offender in this respect. I also look at FastForward (FFWD) and explain why I think Jim Mellon has sinned, albeit legally. I cover UK Oil & Gas (UKOG), Andalas (ADL) and McCarthy & Stone (MCS). In terms of the walk we are now well over £9,000 with gift aid and ahead of a training walk in the rain tonight I ask again. Most bearcast listeners are enjoying my suffering but are yet to help Woodlarks with a donation. Please, I am sure you can spare a tenner HERE
Flip Flop Ben Turney, formerly of this Parish, insists that this email to shareholders in Teathers Financial is private and confidential. I can see why, as it is bollocks he would not want subjected to outside scrutiny. Naturally it has found its way to Winnileaks so I publish it in full.
Another day, another drop to Winnileaks, this time from someone who Julie "Lingerie on expenses" Meyer groomed but who refused to hand over cash. However in this lie packed attempted fraud from January 2018 some were fleeced.
If anyone thought anything else other that FastForward Innovations was merely the personal investment vehicle for Jim Mellon and Lorne Abony to dip into at will, today’s massive related party deal with Mellon’s Juvenescence Limited puts it beyond any doubt.
I know sweet FA about Thor Mining (THR) other than its CEO knows a lot about snakes from his time in the field. And that is it, so I make no comment about what follows other than to say that in this private email sent to the chosen few the broker has not held back and has used very un-broker-esque language. He opines:
Maybe folks are getting immune about Optibiotix (OPTI) announcing yet another manufacturing and supply agreement. But even if, like this one, it is relatively small it all adds to the bottom line improvement. The latest one is with John Morley Foods, a 75 year old company operating in Cheshire with annual sales (2016) of £31 million, making six figure profits and with a growing cash pile.
Footasylum (FOOT) is “pleased to report a strong performance for the financial year, our first as a quoted company following our successful IPO last November… The board was delighted with the support we received for the IPO”. I doubt shareholders are pleased or delighted though – shares in this 164p per share IPO, currently trading well below 100p following a dramatic slump on the “pleased to report” results!...
Okay despite all the harsh ( but arguably fair) things I have said about him, thirsty Paul Scott has just donated £50 to the Woodlarks sponsored walk charity appeal so I am going to be nice about him for a while unless he has a twitter meltdown. Chaka Khan. Chaka Khan. Cheeese. Anyhow surely you can follow Paul, watch this video HERE to see the great works Woodlarks does then donate a few quid HERE. In the podcast I take MySquar (MYSQ) apart, John Meyer at SP Angel needs to wake up, listen and get off his arse. I also look at Frontera (FRR) - bailout placing at 0.3p? - IDOX (IDOX) and Herencia (GER)
I was just reminding myself via the interweb of the chat around McCarthy & Stone (MCS)’s return to the stock market back in November 2015. This was from a press article at the time of the IPO: 'Britain’s biggest builder of homes for retired people, said its London debut had been priced at 180 pence per share, valuing the business at 967 million pounds. Shares in the company rose 13.5 percent to 204.21 pence in conditional trading on Friday as investors bet on further gains in the UK’s strong residential property market'. Well...how could it have gone so wrong, with the shares down 15% as I write at around 110p?
Before you consider the latest news from Bluebird Merchant Ventures (BMV) just consider that, at 2.8p-3p, the market cap is a paltry £5.36 million. Bluebird has more than one asset but focus on just one for now: Kochang, where it has now formalised a 50/50 JV with Aussie based Southern Gold.
Not too much in today's larger cap corporate earnings to get excited about. Suffice to say comments from the housebuilder Berkeley Group (BKG) were suitably patchy, with chat from the company that profits would be down a third next year. I stick with my recent cautious views towards the sector. My thoughts therefore turn towards other areas of the market.
With its shares down from above 300p less than a year ago to below 56p, Safestyle UK (SFE) “announces the granting of awards under the Safestyle UK plc 2017 Performance Share Plan, to certain executive directors of the company”!...
Development and exploration company with projects in Ethiopia and Saudi Arabia, KEFI Minerals (KEFI) has announced results for the 2017 calendar year and emphasised “the company's projections and those of the research analysts that follow us closely show significant value generating upside to shareholders from Tulu Kapi alone, let alone from the pipeline of less mature projects which we expect will yield more value-adding opportunities”…
In a terse statement today, IDOX (IDOX) has fessed up to the reason why auditors Grant Thornton quit the gig. Deloitte has now taken on this poisoned chalice, heck anything for a fee boys but they should be warned. Grant Thornton says it handed in its notices because of “challenges during the conduct of the statutory audit of the financial statements for the year ended 31 October 2017 strained the working relationship with the Board.”
AIM-listed Haydale (HAYD) has offered the market an RNS this morning describing “Strong Commercial Progress”. Bearing in mind the profit warning of last week, and the inevitability of another bailout placing one wonders if this marks the appearance of pastures new in the distance, or whether it is just a pre-placing ramp.
Bathroom and kitchen products company Norcros (NXR) has announced results for its year ended 31st March 2018, emphasising “excellent progress towards our strategic objectives” and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2019”…
I know nothing about Zenith ( ZEN) other than it is listed in Canada as well as on the main market here in London and it is an oil and gas company operating the largest onshore oilfield in Azerbaijan. So I make no recommendation.
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