Articles by: NIGEL SOMERVILLE, THE DEPUTY SHERIFF OF AIM

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Red Flags At Night: URU – 7am Pump, No-One-Is-Watching O’clock Dump by John Zorbas

Tom Winnifrith covered yesterday morning’s non-news of AIM-listed URU Metals’ (URU) proposed listing of majority-owned Toronto-listed subsidiary ZEB Nickel on the joke US OTCQB market. The shares rocketed from 170p to 210p on the news, a 23.5% gain. But the bald truth is that we are talking about a joke market with little liquidity and in any case, I would have thought your average US punter would manage to get access to the Toronto Venture exchange without having to deal with a tin-pot middle man.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-20 08:24:26

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Ariana – Production Results And General Update: Still A Buy

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) released its full year production data for 2021 this morning – and the news is good. Alongside that came an expectation to double the original life of mine at Kiziltepe, and the company confirmed that the plant expansion there had indeed completed in early H2 increasing the capacity to 300% over the feasibility design. It is a cracking update.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-18 15:27:21

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Tern – The stalled US OTC Listing -over to the SEC

I asked on Friday whether AIM-listed jam-tomorrow internet of things investment company Tern plc (TERN) had run into some problems with its proposed listing on the US OTCQB market. A trip to the SEC website asks more questions than it answers.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-16 10:34:43

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Oi Tern – How’s That US OTC Markets Float Going?

It is now just three days short of seven months since AIM-listed jam-tomorrow investment company (which is a tad short of cash) Tern plc (TERN) announced plans to join the OTCQB market on the other side of the pond. Of course, even by the standards of the world’s most successful growth market OTCQB is a demonstrably tin-pot exercise, but Tern was clearly very excited about it.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-14 15:31:45

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Haydale – Another RNS Reach SPOOOOOOOOOOOOFFF

On Monday AIM listed Haydale (HAYD) announced the appointment of new Nomad/Broker FinnCap. Yesterday there was a first RNS Reach spoof and today there is another. With cash surely inadequate to get through the auditor’s Going Concern test later this year, I ask again: when’s the placing.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-12 15:46:15

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Haydale – Yesterday New Broker/Nomad, Today An RNS Reach: When’s The Placing?

AIM-listed graphene play Haydale (HAYD) is up to its old tricks again with the release of an RNS Reach telling us that iCraft is using Haydale’s graphene product in a graphene-coated fabric. Yesterday we were told of the appointment of a new Nomad/Broker, today we get an RNS Reach. When’s the placing fellas?

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-11 16:03:04

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Tern – Wyld News, But It Is An RNS Reach: Sell The Spoof!

We all know that AIM-listed jam-tomorrow investment company Tern plc (TERN) needs to rattle the tin yet again and sharpish in order to hold its corner as the first round of Wyld warrants comes up for exercise. We also know that Tern’s share price has collapsed (not by enough) in the wake of bad news from its portfolio of cash-hungry investees. And that brings me to today’s flag-waving RNS.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-11 15:43:00

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Haydale – Welcome Aboard FinnCrap As Nomad/Broker: should We Draw A Conclusion?

AIM-listed Graphene play Haydale (HAYD) has appointed FinnCap as Nomad and Broker. So is it fundraising ahoy?

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-10 09:02:38

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Sosandar – Trading Update Suffers From Adam Reynolds’ Keyboard - it's the cash that matters!

AIM-listed onliine women’s fashionwear purveyor Sosandar (SOS) has offered up a bullish trading update for calendar Q4 2021 (its own Q3, given accounts are to March). We are told that revenues were up some 122% year on year, that each month was EBITDA positive making for the company’s first EBITDA positive quarter. Of course, EBITDA is bullshit earnings but even so this is a positive update. However....

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-06 14:54:51

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5 Slam-Dunk Sells For 2022

2021 was not a good year for bears. Markets were in a rip-roaring bull phase and in my view all common sense went out of the window, so even the most ridiculous speculative plays went up. But my strong view is that 2022 will be different: QE is being tapered away, interest rates are rising, inflation is soaring and government helicopter money is no longer there (at least for now). In 2021, bears had to hide behind the sofa and short positions could be attacked by an army of pitch-fork armed private investors. That is not the case now and I expect some hefty declines as a result.

By Nigel Somerville, the Deputy Sheriff of AIM
2022-01-03 14:17:15

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