Monday 19 March 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
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Twitter and the bulletin boards were awash with people saying how great the Blenheim Natural Resources (BNR) news was this morning, but having had a good read myself I think they may have been over-egging it somewhat!
A few weeks ago I penned a piece on Blenheim Natural Resources (BNR) in which I was highly skeptical of the recent holdings RNSs from a certain Pershing Nominees/Valbury Capital.
Blenheim Natural Resources (BNR) isn’t exactly on my list favourite AIM companies to invest in, but even I have been surprised by the recent sizeable drop in share price.
Regular readers here will know that I am not exactly a fan of Blenheim Natural Resources (BNR), nor have I ever been despite plenty of interest from private investors in this company.
Blenheim Natural Resources (BNR) may have seen a large increase in its share price, but in my opinion it is still one to avoid and was basically insolvent on paper prior to the recent placing, and had been for several months!
Oh dear, oh dear, oh dear. There’s trouble brewing at AIM-listed Blenheim Natural Resources (BNR) in the wake of a total disaster at the company’s AGM. In an RNS released yesterday at 3.19pm (HERE) the company announced that every single one of the resolutions put to the AGM were rejected. Thus, following the departure of Chris Cleverly of African Potash (AFPO) infamy, two further directors have been ousted as their retirement by rotation became permanent as shareholders voted down their re-election.
This morning it has been announced that Lyin' Chris Cleverley the CEO Of fraud African Potash (AFPO) has quit investmentment company Blenheim Natural Resources (BNR) where he became a NED on 16 December 2015. He leaves with immediate effect citing a desire to "concentrate on other activities" and we are told the decision is mutual. What horseshit.
Wow! Blenheim Natural Resources (BNR) just got an option to buy 7.5% of a great company for just £1. And the company has an amazing gold and copper asset in Bongo Bongo land. It sounds almost too good to be true...precisely. Caveat emptor this looks like a pre placing ramptastic load of horseshit. So lets investigate and "fiske" the news.
Blenheim says that it:
He tried his best to ramp this crock of shite but even arch twitter ramper Wayne Gibson, aka Big Gib, could not push the rancid wastewater that is Blenheim Natural Resources (BNR) uphill. Having bought a stake of 5.625 million shares ( 3.05%) just before Christmas at 0.8-1p, Gib has now bailed, taking a huge haircut.
Blenheim Natural Resources (BNR) has today issued a ramptastic release about IGS, a pretty unexciting company it invested in as a result of a sordid related party transaction. It clearly hoped to push the shares higher but instead they are 13% down at 0.5-0.6p. Why?
Oh dear. African Eagle has been put into administration in a move akin to pulling the plug on a life support machine for a car crash victim who has been in a coma for three years. Shite AIM investment company Blemheim Natural Resources (BNR) owned 11.4% of Eagle and is in denial.
Blenheim Natural Resources (BNR) is another much hyped shitty little AIM investment company. It also smothered itself in merde with its recent shoddy dealings with African Potash (AFPO). One of our readers (Bearfacts) posts on this matter, a comment which merits a wider audience. Over to Mr Bearfacts before I add another kicking below:
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